Business & Tech
Suffolk Sales Tax Growth Mirrors 'Volatile' Economy
Sales tax collection increased higher than the rest of New York State, according to a Reuters article, though below last year.
While Suffolk County beat the state average in year-over-year second quarter sales tax gains, the county still finds itself behind last year's pace.
According to a Reuters report, Suffolk's 3.54 percent increase over 2011's second quarter is well over the state average of 2.79 percent. Though the pace of growth falls behind the county's previous two years of 4.95 and 4.92 percent growth.
"Sales taxes have tracked the economy, which has been volatile," Howard Cure, director of municipal research for Evercore Wealth Management, LLC, told Reuters.
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