DiNapoli: State Tax Receipts Outpaced Projections Through December
State tax receipts totaled $79.9 billion through the first three quarters of State Fiscal Year (SFY) 2024-25, $1.2 billion higher than estimates released in the Division of the Budget’s (DOB) Mid-Year Update to the Enacted Budget Financial Plan. On a year-over-year basis, collections were $5.5 billion higher than those through December 2023, according to the monthly State Cash Report released today by New York State Comptroller Thomas P. DiNapoli.