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NY comptroller expects 2.5 pct. tax revenue growth
ALBANY, N.Y. (AP) - New York Comptroller Thomas DiNapoli is projecting 2.5 percent growth in state tax revenues to $90.1 billion in the fiscal year that starts April 1.
He says Tuesday that key measures of the national economy, including gross domestic product, employment and consumer spending, are expected to strengthen. Overall New York growth projected to remain modest and Wall Street is expected to remain profitable.
The comptroller's office anticipates tax receipts this year will rise 4.7 percent, or $3.1 billion.
That total includes an estimated $2.3 billion, or 5.7 percent, increase in personal income tax receipts over last year.
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