State tax receipts significantly higher than projections

New York is $7.3 billion ahead of its tax forecast at midyear. Watchdogs are split on what to do with it

Comptroller DiNapoli reports state tax receipts ran $7.3 billion above projections through September, driven by Wall Street and business taxes, even as $31.7 billion in out-year budget gaps loom. The post New York is $7.3 billion ahead of its tax forecast at midyear. Watchdogs are split on what to do with it first appeared on The Buffalo Chronicle.

State tax receipts significantly higher than projections

October 16, 2026 - State tax receipts totaled $68.5 billion through the middle of State Fiscal Year (SFY) 2027, $7.3 billion higher than estimates by the Division of the Budget (DOB). State tax collections were also $8.6 billion higher than those through September 2025, according to the monthly State Cash Report released by New York