Comptroller Calls For ‘Caution’ After $400 Million Tax Revenue Shortfall

New York State Comptroller Thomas DiNapoli issued a report saying revenues from all governmental fund tax collections for the past six months were $391.9 million short of projections. According to Mr. DiNapoli, the data showed a “continued need for caution this year and next” and the lagging tax revenues could have a big impact on Albany budget talks.

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