Comptroller: NY Tax Collections Beat Projections

DiNapoli says tax collections were almost $500 million above what was predicted in the state budget adopted in late March

Saturday, May 19, 2012  |  Updated 10:47 AM EDT
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Comptroller: NY Tax Collections Beat Projections

AP

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In more evidence of a slow, uneven recovery, New York state tax collections were higher than projected so far, but still less than a year ago.

 
Tax collections based on employment and business activity are a measure of economic growth.
 
State Comptroller Thomas DiNapoli is releasing the figures for April, which is the first month of the state's fiscal year.
 
DiNapoli says tax collections were almost $500 million above what was predicted in the state budget adopted in late March. But the collection was more than $330 million short of one year ago for the same period.
 
DiNapoli says it's too early to say if the collections are showing a trend of beating projections.

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