DiNapoli Releases May State Cash Report
New York state collected just over $12 billion in taxes during the first two months of the 2016-17 state fiscal year, a decline of $480.1 million, or 3.8 percent, from the same period last year and nearly $120 million below projections, according to the monthly state cash report issued today by State Comptroller Thomas P. DiNapoli. Total receipts, including miscellaneous and federal receipts, declined $808.6 million from a year earlier, primarily because of the lack of settlement revenues and lower Personal Income Tax collections this year.
