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Updated · FingerLakes1.com · Apr 30New York regions show uneven first-quarter sales tax growth
2 articles · Updated · FingerLakes1.com · Apr 30
- Statewide collections rose 5.1%, while the Finger Lakes fell 1.2%, Central New York gained 5.8% and the Southern Tier increased 2.1%.
- Monroe County's 5.1% drop dragged down the Finger Lakes, even as Seneca jumped 9.6%; Onondaga rose 7.5%, while Broome fell 2.1% in the Southern Tier.
- Inflation averaged 2.7% and wage growth topped 5%, but weak job growth, tourism shifts, policy changes, gas prices, tariffs and tax-distribution adjustments widened county-level disparities.
With conflicting economic data, is the average New York household truly better off than before the pandemic? As mega-projects create boomtowns, how can New York prevent other regions from falling into economic decline?