Nassau, Suffolk sales tax revenue rose in 2012
Photo credit: iStock | Revenue for all of 2012 "was significantly above our original expectations," and quarterly revenue "exceeded $100 million for the first time," Mark F. O'Neil, chairman and chief executive, said.
Sales tax collections in Nassau and Suffolk increased last year, but revenue grew less than expected in Suffolk.
Though sales tax collections on Long Island rose overall in 2012, a local economist warned that the growth weakened as the year progressed. That reflected a slowdown in job creation, she said.
Nassau Comptroller George Maragos and Nassau's independent budget review office...
