DUTCHESS COUNTY COMPTROLLER ROBIN LOIS REPORTS 2022 DUTCHESS COUNTY SALES TAX REVENUE UP $4 MILLION DESPITE TAX BREAKS 

DUTCHESS COUNTY COMPTROLLER ROBIN LOIS REPORTS 2022 DUTCHESS COUNTY SALES TAX REVENUE UP $4 MILLION DESPITE TAX BREAKS 

Poughkeepsie, N.Y. – The Office of the Dutchess County Comptroller has released a Special Report regarding the sales tax revenue in Dutchess County in 2022. The County received $254 million in sales tax revenue in 2022, up $4 million (or 1.6%) from 2021. This year-over-year growth was the lowest in New York State with a statewide increase of 12.7%.

 

“While this revenue increase is modest, it seems to reflect the continued local consumer demand for goods and services despite the often-higher price tag,” stated Comptroller Lois. “Gross tax collections have also been impacted by the exemption on clothing and footwear to our residents’ benefit.” 

 

Sales tax collections were positively affected by the elimination of two withholdings by New York State in 2022 effectively increasing Dutchess County sales tax revenue by $2.5 million in 2022.

 

Finally, Dutchess County has negotiated and adopted a new sales tax sharing agreement with the cities of Poughkeepsie and Beacon, as well as surrounding municipalities. The agreement took effect on March 1, 2023, and will prove to be beneficial to all our local governments moving forward providing an increase in revenue and quicker receipt.

Author: Harlem Valley News