Waiting for a State Tax Refund? Don't Hold Your Breath

Tuesday, Feb 16, 2010  |  Updated 6:15 PM EDT
View Comments (
)
|
Email
|
Print
Waiting for a State Tax Refund? Don't Hold Your Breath

Getty Images

Cop Steals from a Dead Man |
Officer William Christie, 48, was arrested and charged with

Some New Yorkers could see a delay in the arrival of their state income tax refund checks if Gov. David Paterson decides it's the best way to make sure the state has enough cash.

     The state currently limits the amount of tax refunds it pays in the first three months of the year to $1.75 billion. Paterson is considering lowering that threshold to $1.25 billion because the state must roll $1.4 billion into next year's budget to close a current year budget gap.
    
So far the state has paid out $293 million in 281,000 tax refunds this year.
    
The state has until June to pay the refunds before they start accruing interest.
    
The governor is expected to make a decision in the next few weeks.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
21st Century Solutions
The NBCUniversal Foundation is partnering... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out