New York’s tax collections through February were ahead of projections, state Comptroller Thomas DiNapoli said after releasing the monthly cash report for February.
That does not mean there will be additional funding for the 2012-13 state budget, he added.
“The only reason collections are up is because projections were lowered twice since last March,” DiNapoli said.
“We should continue to be cautious about revenue assumptions for the coming year,” he added.
The report released on Wednesday showed that tax collections were $172.1 million more than estimates from the updated state 2011-12 financial plan.