- Associated Press - Sunday, September 20, 2015

ALBANY, N.Y. (AP) - New York’s comptroller says state receipts through August were $59.9 billion, exceeding projections by more than $600 million for the first five months of this fiscal year.

The comptroller says total New York spending from all funds for the period was $54.9 billion, nearly $475 million below projections.

Comptroller Thomas DiNapoli says the state’s cash position has improved. However, he says future prospects are uncertain because of the state’s reliance on Wall Street profitability and recent volatility in financial markets.

The report shows tax collections for five months through August totaled about $29.8 billion, up 10.5 percent from a year earlier.

Federal receipts were $19.4 billion, some $235 million higher than projected.


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