DiNapoli Says State Tax Collections Increased by $4.9 Billion in 2017-18 Fiscal Year

State tax collections increased by $4.9 billion (6.6%) during the 2017-18 fiscal year. That according to the state cash report released by State Comptroller Tom DiNapoli on Wednesday. DiNapoli says strong personal income tax receipts from December to March helped boost final numbers. He adds the state ended the fiscal year with a general fund balance of $9.4 billion, an increase of $1.7 billion over the prior fiscal year. DiNapoli says the state's economy continues to expand, but questions still remain about how federal tax changes will affect New York's finances.

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