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

Posted on by Mary Pat Campbell

Link: https://www.osc.state.ny.us/press/releases/2021/01/dinapoli-tax-revenues-through-december-were-25-billion-lower-last-year

Excerpt:

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.

Author(s): Thomas P. DiNapoli

Publication Date: 15 January 2021

Publication Site: Office of the New York State Comptroller