Cash For Clunkers Helped Car Dealers, Not So Much For State
-
- November
- 9
Cash For Clunkers helped increase sales-tax collections at auto dealerships across upstate New York and Long Island in the third quarter by $17.1 million, an increase of 10 percent, Comptroller Thomas DiNapoli said in a report today.
But the national program didn’t offset the state’s decline in sales-tax revenue, which was down 7.2 percent for the first nine months of the year.
The numbers are consistent with the decline reported last month in counties’ sales-tax revenue.
“The Cash for Clunkers program gave a small sales-tax boost to counties statewide,” DiNapoli said. “But sales tax revenues are still down more than 7 percent for the year. That’s put a lot of pressure on local governments.”
The Capital and Mid-Hudson regions saw the largest auto sales-tax increases from the Cash For Clunkers program, 15 percent and 12.9 percent respectively. The smallest boost was in central New York, which saw its auto sales tax increase by 4.1 percent for the quarter.
This entry was posted
on Monday, November 9th, 2009 at 1:30 pm by Joseph Spector.
You can follow any responses to this entry through the RSS 2.0 feed.
Print This Post
| 
Email This Post
Jay Gallagher has covered Albany for Gannett News Service since 1984 and has been Albany Bureau chief since 1989. He`s a native of the Boston area and likes to point out that in this millennium, the score is Red Sox 1 championship, the Yankees 0. 
Cara Matthews has been a statehouse correspondent in the Albany Bureau since August 2005. Prior to that, she covered Putnam County government and politics at The Journal News for nearly five years. Before that, she worked at newspapers in Connecticut and covered the state Legislature for one of them. 
