July State Tax Collection Comes in Below Expected
Tax collections were $18 million below updated projections during July, but receipts since the start of the fiscal year were 13.3 percent higher than last year because of strong personal income tax (PIT) receipts in April.
The July cash report released by New York State Comptroller Thomas P. DiNapoli also found July tax collections were 5.2 percent higher than last year, largely from an additional