HOLIDAY BUYING LOOKS PROMISING: COUNTY NOVEMBER SALES BOOM UP 10.4% IN NOVEMBER. WHITE PLAINS SALES UP 4.3%.

 

WPCNR QUILL & EYESHADE. From the New York State Department of Taxation and Finance. December 19, 2013:

The Westchester County economy on the retail side was up sharply by 10.4% in November, showing a $3 Million increase in November sales tax receipts. White Plains City Sales Tax receipts were up 4.3% over November of 2012, according to the November sales tax receipts released yesterday by the New York State Department of Taxation and Finance.

The county (if the vibrant 10% increase rate continues in December to finish off the 2013 fiscal year) will top $490 Million in sales tax receipts, $12 Million over what the county budgeted. If the county only draws what they generated in December of 2012 ($48.5 Million), they will have a $10 Million surplus. Through November, the county as generated $437,070,676, compared to $411 Million through the first 11 months of 2012. The county sales tax handle through November has continued its steady 6% increase pace over the last six months.

White Plains experienced its best growth in months, gaining 4.2% over November of 2012.

Through the first five months of the White Plains 2013-14 fiscal year, the city has generated $20,767,728 in sales tax receipts compared to $19,915,758 in 2012, a 4.3% increase.

If the city reaps the good December of 2012, $4,769192, it will finish the first half of the year with $24.7 Million in sales tax receipts, on target to hit $50 Million for the fiscal year ending in June, $1 Million less than they collected two years ago in the first year of the last increase in the sales tax.

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