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New York's Tax Revenues Remain Uncertain

Story Published: Jan 16, 2012 at 2:25 PM EDT

Story Updated: Jan 16, 2012 at 2:28 PM EDT

New York remains in a slow, halting recovery that a state comptroller's report and an analyst say isn't showing any sign of a robust recovery anytime soon.
 
For Gov. Andrew Cuomo scheduled to present his 2012-13 budget tomorrow, it means continued uncertainty for tax revenue.
 
State Comptroller Thomas DiNapoli's latest cash report shows revenues for the first three quarters of the current fiscal year were $230 million below estimates.
 
That includes a drop in tax collections of nearly 3 percent in December compared to a year ago.
 
Cuomo will present a budget proposal of more than $130 billion in Albany on Tuesday. He'll then try to negotiate a deal with the Legislature by the April 1 start of the fiscal year.

- from the Associated Press
Monday, May 21, 2012
, Watertown, NY

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