The Comptroller’s Office has released the tables of county-by-county breakdowns of the first quarter’s local income tax distributions. See them here.
From the Office’s statement:
The distribution totals $1,080.9 million for the counties, growth of 5.1% over last year (Table 2).
Withholding receipts for the first quarter grew 5.0% year over year. Estimated payments increased 32.6%. The large increase in estimated payments is likely the result of taxpayer reactions to expectations of a federal tax cut following the November 2016 election, as well as to the eventual passage of the Tax Cuts and Jobs Act. Taxpayers who expected a federal tax cut would rationally shift income, to the extent they are able, out of tax year 2016 and into tax year 2017. Some taxpayers may also have been expecting a cut to the capital gains tax rate, which did not materialize. They may now be taking gains from equities they were holding onto in case of a capital gains rate cut. Also contributing to the growth in the first quarter distribution, the local tax percentage has increased from around 37.22% to around 37.26%.