NY Tax Revenue Up Compared to Last Year

10:20 AM, Aug 17, 2013   |    comments
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ALBANY, N.Y. (AP) - The New York comptroller reports that state tax receipts for the first for months of the 2013-2014 fiscal year are 13.3 percent higher than they were last year.

Comptroller Thomas DiNapoli says most of the growth came in April from strong personal income tax receipts.

However, he says the slow pace of economic growth "calls for continued caution."

The current fiscal year began April 1.

Personal income taxes are up almost 18 percent, with most of that in estimated tax collections from April.

The state's general fund had a closing balance of $4.4 billion at the end of July, slightly lower than projected.

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