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NYS Comptroller

THOMAS P. DiNAPOLI

2019 FINANCIAL CONDITION REPORT

Total Receipts


New York's 2019 Receipts by Source Total State Receipts Tax Receipts by Year

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 State fiscal years.

Total State Receipts Have Increased Over the Past Five Fiscal Years

  • From 2015 to 2019:
    • Total receipts increased 12.7 percent.
    • Tax receipts increased 6.4 percent.
    • Federal receipts increased 26.1 percent.

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

  • Personal income tax and consumer (consumption and use) taxes:
    • Accounted for 38.9 percent of 2019 receipts; and
    • Have increased 10.7 percent since 2015.
  • In 2019, personal income tax receipts—the State’s largest tax revenue source—decreased 6.6 percent from the previous year. The decrease is due to lower estimated payments in January and February.

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