NY sales tax revenue drops 10% in 2020, more than 2009 recession
Associated Press Photo
New York State Comptroller Thomas DiNapoli says sales tax collections in the state dropped by 10% in 2020 compared to 2019.
Posted: Feb 2, 2021 2:11 PM
Posted By: Associated Press
ALBANY, N.Y. (AP) - New York State Comptroller Thomas DiNapoli says sales tax collections in the state dropped by 10% in 2020 compared to 2019.
That’s more than in the 2009 recession, when collections dropped 6%. Sales tax revenue dropped most sharply in the second quarter as Gov. Andrew Cuomo closed non-essential businesses statewide during the coronavirus pandemic.
“Local governments depend heavily on sales taxes as a major source of revenue, but as New Yorkers stayed home and bought less in their communities during the pandemic it created significant shortfalls. New York’s localities need federal aid to help get through this crisis, said New York Comptroller Thomas DiNapoli.
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Former Otsego County school treasurer pleads guilty to embezzling more than $34,000
Updated Jan 07, 2021;
Albany, N.Y. The former treasurer of an Otsego County school district pleaded guilty Wednesday to depositing checks payable to the school district into personal accounts and using the school’s Amazon account to make fraudulent purchases.
Kristina Hand, 47, of Morris, pleaded guilty in federal court Wednesday to stealing at least $34,000 from the Morris Central School District, where she worked as treasurer from 2014 until February 2020, when the school district discovered some of the thefts and fired her.
The bulk of the theft around $24,000 was in the form of checks from former and retired Morris school employees paying the school district for benefits, such as health and dental insurance. Instead of depositing the checks in the school district’s designated account, Hand deposited the checks into a personal checking account, as well as an account for a non-profit yo