DiNapoli: NY Tax Receipts Again Miss Projections


New York’s tax receipts again came in lower than estimates last month, with the state collecting a total of $163.4 million less than projected through November.

From the beginning of the fiscal year through November, New York collected a total of $39.2 billion. That’s $702.4 million than what had originally been projected in April. (The estimates were revised downward last month.)

“It is clear that tax collection growth is not going to meet year-end expectations amid a continued slow economic recovery,” DiNapoli said in a statement. “While the Division of the Budget is effectively managing cash flow, the upcoming budget proposal needs to include realistic projections for the rest of this year and the next so potential cash shortfalls can be addressed effectively.”

The state’s mid-year financial plan, released late last month, projected growth of 2.9 percent in tax collections this year compared to last. But receipts rose by just 0.4 percent through November, according to DiNapoli’s report.

November 12


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  1. Approve Fracking and create all those New Jobs and revenue we need.

    New York needs Fracking and all those new jobs so stop delaying it and approve Fracking.

    Happiness and more revenue is Fracking.

    So be happy a and frack.

    Before there was the “Oracle of Delphi” there was Count Vampire J. Machiavelli

    VJ Machiavelli
    Power to the People who “VOTE”