November Cash Basis Report shows higher than expected Personal Income Tax receipts
NY Personal Income Tax has raised $37.8 billion year to date — 37.5% more than state projections Press Contact: Monica Klein, 917-565-0715press@fiscalpolicy.org NEW YORK, NY | December 19, 2022 — The New York State Comptroller this week released its November 2022 cash basis report, which documents recent trends in state spending and revenue. Key Points:In Fiscal Year 2023, New York’s personal income tax (PIT) has raised $37.8 billion year to date — 37.5 percent more than state projections.Since COVID, the last [...]