New York state government tax collections in February were down 5.6% compared with February 2012, according to state Comptroller Thomas DiNapoli's office.
"Despite positive signs in the economy, we are still not seeing the strength in tax collections that would indicate robust growth," DiNapoli said. "Receipts were up in December and January, primarily because of federal tax changes. February's decline illustrates that trend will likely not continue. As the new budget is finalized, efforts should focus on enacting a spending plan that recognizes this reality."