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

DiNapoli: Tax Revenues Through December Were $2.5 Billion Lower Than Last Year

State tax receipts through the first nine months of the state fiscal year were $2.5 billion lower than last year, but were $1.8 billion higher than anticipated by the state Division of the Budget (DOB), according to the monthly State Cash Report released by New York State Comptroller Thomas P. DiNapoli.

Tax receipts in the month of December totaled $8.4 billion, $422.5 million above last year, and $1.4 billion above DOB’s latest projections.

New York State Comptroller Thomas P. DiNapoli's Statement on Gov. Cuomo's State of the State

“Gov. Cuomo’s State of the State message outlined a strong agenda for New York as we navigate through unprecedented challenges. I commend the Governor for his emphasis on beating the COVID-19 pandemic and on improving public health. The Governor properly underscored the urgency of federal assistance to address the economic and revenue damage New York has suffered. In the coming days, I look forward to hearing his proposals on other key issues, including racial equality, criminal justice reform and improving the election process.”

DiNapoli Releases Bond Calendar for First Quarter

New York State Comptroller Thomas P. DiNapoli today announced a tentative schedule for the planned bond sales for the state, New York City and their major public authorities during the first quarter of 2021.

The planned sales of $6.92 billion include $2.32 billion of new money and $4.6 billion of refundings and reofferings as follows: