This Week
  • The Ginna nuclear power plant awaits a regulatory decision.

  • Exporters back the controversial Trans-Pacific Partnership pact.

  • For CooperVision's Lisa Fawcett, a love of sales began with her father.

  • Graduate programs are focusing on spanning fields and solving real-world problems.

  • Pauleen Vacca prefers taking the long view to build her business.

  • It is clarity of mission that has united Brand Cool Marketing Inc. each year.

Tax collections lag in New York

Rochester Business Journal
November 21, 2012

Tax collections in New York continue to lag expectations, with the state shortfall likely to worsen because of expenses related to Hurricane Sandy, Comptroller Thomas DiNapoli announced Wednesday.

Collections of $35.9 billion through October were $170.8 million below projections in July and $259.8 million below initial estimates, the Office of the New York State Comptroller said.

“Tax revenue estimates should be revised downward,” DiNapoli said in a statement. “Adjustments should also factor in the additional costs from Hurricane Sandy.

“As recovery efforts continue, realistic projections are critically important for the state to effectively manage its available resources.”

(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google