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State tax receipts below projections

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New York tax receipts through August were $147 million below projections and $204.3 million below collections for the same period last year, reflecting volatile economic conditions, according to state Comptroller Thomas DiNapoli. The cash report from the comptroller’s office showed tax collections of $24.7 billion for the first five months of the state’s fiscal year, including a 1.2 percent decline in personal income taxes from a year earlier. Recent state labor department data showed New ...


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