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State Comptroller Thomas DiNapoli’s announced that New York tax receipts totaled $58.4 billion through the first half of State Fiscal Year 2022-2023.
According to the State Cash Report, the mark has exceeded the latest projection from the First Quarterly update by $2.4 billion. Officials say that despite the positive projection, revenue in the months ahead may be affected by economic uncertainty and other risks.
“Bolstering rainy day reserve funds on or ahead of the schedule proposed in the Enacted Budget Financial Plan should be a priority”, says Comptroller DiNapoli.
