- Associated Press - Sunday, May 17, 2015

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.

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