Rensselaer County Sets Record for Sales Tax Growth in 2022, County Executive Steve McLaughlin Announces
County Shows Over 10 Percent Growth for Sales Tax Over 2021, And Receives Over $100 Million for Second Time
Rensselaer County has set a record for sales tax growth in 2022, with the revenues in the county growing by nearly 11 percent over the previous year, County Executive Steve McLaughlin and members of the County Legislature announced today.
Rensselaer County received a record $122 million in sales tax revenues in 2022, a significant increase over the $110 million received by the county in 2021.
The 2022 numbers also mark the second time the county has received over $100 million in sales tax revenues, McLaughlin noted. The $100 million mark follows the county in 2019 showing the most sales tax growth in New York State.
“These sales tax revenue numbers are outstanding, and good news for our residents and taxpayers across Rensselaer County,” said McLaughlin.
“Rensselaer County has shown very strong performance for sales tax revenues, but these are some of the best and most promising results for sales tax revenues in county history. Our county is performing exceptionally well despite economic challenges across the nation,” added McLaughlin.
Rensselaer County, under McLaughlin’s leadership, has reduced property taxes by a combined amount of 27 percent over the past five years, paved over 200 miles of roads while engaging in the ambitious Reimagine Rensselaer County Facilities plan to improve access, convenience and efficiency at county offices, completed work on a new Emergency Services Training Complex and are nearing completion on a new senior center in Troy.
Cities, towns and villages across the county share in the sales tax revenue collected by the county, helping maintain needed services on the local level and promote tax stability, noted McLaughlin and members of the County Legislature.
“More and more are coming to our county to shop, eat or make major purchases. We view this as recognition of our work to reduce taxes, improve services, responsibly encourage investment and job creation, and protect quality of life,” added McLaughlin.
“These sales tax numbers are more good news for residents of Rensselaer County. Strong retail growth in our county, particularly in North Greenbush, is proof that Rensselaer County is headed in the right direction,” said Chairwoman Kelly Hoffman.
“Sales tax revenues are distributed to cities, towns, and villages in our county, so this growth helps all of our communities balance their budgets, and provide important services,” said Vice Chair Bob Loveridge.
“As sales tax revenues increase, the Legislature has partnered with the County Executive to invest the funds wisely to improve county services, buy new highway equipment and pave roads, and improve our county infrastructure,” Legislature Vice Chair of Finance Rob Bayly.