NY Tax Collections Ahead Of Projections

ALBANY, N.Y. (AP) — New York's comptroller says state tax collections reached $38.2 billion through the first half of the current fiscal year, almost $676 million higher than the latest projections.

Comptroller Thomas DiNapoli says that's largely due to strong personal income tax receipts.

He says the state's cash position continues to improve, also because of state spending that was lower than expected from April through September.

The report shows the state's general fund ended the first half of the year with a balance of $10.7 billion, up 33 percent from a year earlier, largely because of legal settlements.