New York Tax Revenue Stronger Than Expected In May
Tax revenues in New York last month were stronger than expected and came in $838 million higher than projections.
That’s according to the monthly state cash report issued by Comptroller Thomas DiNapoli.
However, total receipts during the first two months of the current fiscal year remain below last year’s levels.
DiNapoli says the state brought in more money than expected in May because of strength in personal and business taxes as well as significant one-time cash infusions.
The May cash report can be found on the comptroller’s website.