ALBANY, N.Y. — New York is seeing a surge in tax revenues this year following a tax increase on the state's highest-earning people and businesses.
New York ended September with about $20 billion in the state's main operating fund, which is where most state revenues go. The Democratic-led Legislature and Democratic Gov. Kathy Hochul are facing calls from businesses to reverse tax increases.
Left-leaning advocacy groups are urging lawmakers to use surplus funds on COVID-19 relief for vulnerable groups including undocumented workers.
