Sales Tax Income Up, Unemployment Down

SARATOGA COUNTY —The Saratoga County Chamber of Commerce has released its July 2022 Insights, which notes sales tax collection figures this year over last, as well as county unemployment numbers.

For the first seven months of 2022, Saratoga County collected $90.9 million in sales taxes, up 6.4 percent from the same time in 2021, as well as in 2019. The City of Saratoga Springs specifically has collected $8.7 million in sales taxes year to date, up $1 million and 13.1 percent from the same time frame in 2021. Some of the increase is attributed to higher gas prices and rising inflation.

Regarding the job market, the number of employed Saratoga County residents is 119,000, as of July, up 3.4 percent versus the same time frame in 2021, according to the NYS Department of Labor – marking the highest number of employed residents ever seen in Saratoga County, with an unemployment rate at 2.8 percent.