New York State collected $3 billion more tax revenue in the last fiscal year than projected by Governor
However, collections for the budget year ending March 31 were $82.4 billion, which is $513.3 million lower than the prior year, as social distancing and lockdowns due to the coronavirus depressed sales tax revenue.
“The state’s year-end financial position was significantly better than anticipated,” DiNapoli said in a statement Thursday. “We face a long road to recovery, and the state’s economy still faces serious challenges, ...