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NEWS from the Office of the New York State Comptroller
Contact: Press Office 518-474-4015

DiNapoli Releases December State Cash Report

January 20, 2017

State tax collections through the first three quarters of the fiscal year declined $1.2 billion, or 2.2 percent, from the same period last year to $53.2 billion and were $29.9 million lower than mid-year Financial Plan projections, according to the state cash report issued today by State Comptroller Thomas P. DiNapoli. New York state also received $235 million in new monetary settlements during December.

"Overall tax collections in December were close to reduced estimates from the mid-year financial plan update, but the state is trailing collections from last year by more than $1 billion,”DiNapoli said. “The timing of payments and the level of financial sector bonuses will influence whether current estimates are met in the final quarter of the fiscal year.”

Through December, All Funds receipts totaled $111.2 billion, a decline of $686.8 million, or 0.6 percent, from a year earlier. Total receipts exceeded original projections by $40.8 million and mid-year projections by $478.8 million, primarily because of higher than anticipated federal receipts. 

All Funds spending totaled just under $110 billion through December, $5 billion or 4.8 percent higher than last year for the same period. Significant increases include spending for Medicaid (up $2.7 billion, primarily from federal sources) and other public health programs (up $2.2 billion largely because of federally funded payments to the Essential Plan program). Spending was $213.3 million higher than the projections in the mid-year update, and $947.3 million higher than initial estimates.

The General Fund ended 2016 with a balance of $9.1 billion, which was $98.3 million lower than the projections from the mid-year update and approximately $3.7 billion lower than a year earlier.

For a detailed breakdown, go to

DiNapoli's office issues a state cash report every month identifying state revenues and spending from the prior month. The cash report focuses primarily on the General Fund and All Governmental Funds. The General Fund is the major operating fund of the state. All Governmental Funds includes General, Special Revenue, Debt Service and Capital Projects funds, as well as funds from the federal government. The report is accessible in Excel and Adobe formats.

Since becoming Comptroller, DiNapoli has created several tools to allow the public to better track government spending, contracts and other fiscal issues. These are easily accessible on his transparency website called Open Book New York (