The latest sales tax numbers for Manhattan have just been released, with Finance Director Bernie Hayen describing the totals as holding steady, although somewhat behind the city’s forecast and budget projections. Hayen goes on to say overall the city remains at a five percent increase in sales tax revenues over 2010. Several big box retailers, car dealers, and even town center retailers were down this July compared to July of 2010, with mostly small percentage declines.
$791-917 was collected in the September numbers, with an adjusted rate of $741,917. That’s $33,296 less when compared to the forecast and $31,296 less when compared to the budget. A reminder, September numbers actually indicate two months prior, or July.
