ALBANY, N.Y. (AP) - The New York comptroller reports that the state collected $149.1 billion in revenue in the fiscal year that ended in March, up $11.4 billion or 8.3 percent from the previous year.
Comptroller Thomas DiNapoli says that includes nearly $5 billion from settlements of bank investigations.
More are expected this year.
Meanwhile, the state collected more than $71 billion in taxes, up 1.9 percent.
Business tax collections of $8.5 billion were $831.7 million higher than originally projected.
New York received $48.6 billion in federal grants used primarily for Medicaid, homeland security and storm relief, public welfare and education.
Total state spending reached $143.9 billion for the fiscal year, an increase of $6.4 billion or 4.6 percent.
Please read our comment policy before commenting.