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NYS Comptroller

THOMAS P. DiNAPOLI

2016 FINANCIAL CONDITION REPORT

Total Receipts


New York's 2016 Receipts by Source Tax Receipts by Year Total State Receipts

Revenues are affected by economic changes and changes in federal and State policies. Tax base is a measure of the State’s ability to generate revenue. A decreasing tax base may force spending reductions, increased taxes, or both. Receipts are revenues that have been recorded on a cash basis.

See Appendix 3 for a breakdown of State receipts by major source for the past five years.

Total State Receipts Have Increased Over the Past Five Years

  • From 2012 to 2016:
    • total receipts increased 15.2 percent.
    • tax receipts increased 16.1 percent.
    • federal receipts increased 15.1 percent. Funding is again increasing with:
      • disaster assistance for Superstorm Sandy and Hurricane Irene; and
      • Medicaid funding under the Affordable Care Act.

Personal Income Tax and Consumer Tax Receipts Have Increased Over the Past Five Years

  • Personal income tax and consumer (consumption and use) taxes:
    • accounted for 41.0 percent of 2016 receipts; and
    • have increased 17.7 percent since 2012.
  • In 2016, personal income tax receipts—the State’s largest tax revenue source—increased 7.7 percent over the previous year.

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