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DiNapoli Releases Report on Pre-Pandemic Migration Trends

An analysis of state personal income tax (PIT) filers from 2015 through 2019 reveals New York state resident taxpayers grew at a slower rate than nonresident filers, 3.1% compared to 13.6%, resulting, in part, from the greater number of part-year filers moving out of the state than moving in,

State Fiscal Year 2022-23 Enacted Budget Analysis

Historic federal aid and better-than-expected revenues allowed for a steep increase in spending in the Enacted Budget. However, sustaining new recurring commitments over a longer time period may be difficult as new economic risks emerge, federal funding is spent down, and temporary tax revenues sunset. Bolstering reserve funds is essential for ensuring services New Yorkers rely on can be preserved through economic challenges and fiscal uncertainties.