New York’s total government fund receipts for October came in $467.2 million below October 2006 receipts, but the year-to-date receipts are still slightly ahead of last year, according to a cash report issued by state Comptroller Thomas DiNapoli last week. Of the total government fund receipts of $7.58 billion in October, the biggest change was in business taxes, which were $235.6 million compared to $763.5 million in October 2006. Part of the disparity in business tax receipts over the two years was due to increased collections in 2006 due to audits of large corporations last year, a spokesman for the comptroller’s office said. Personal income tax recipts through Oct. 31 were $20 billion, ahead 5.3% compared to the same period in 2006. Business tax receipts were $420.2 million lower compared to 2006, and federal receipts fell $850 million, or 4.4%, through Oct. 31 as well. Debt service payments fell $330.9 million to $1.76 billion. Total government spending through Oct. 31 was up 4.6% to $63.21 billion compared to the previous year. The largest increase by dollar amount was in education, which grew $912.1 million, while the largest percentage increase was for transportation, which increased 67.6% during the time period to $2 billion.
-
Polk County, Iowa is issuing $113 million of general obligation capital loan notes, Series 2024A, for the Des Moines Airport Authority's new terminal project.
2h ago -
Munis posted losses in April, returning negative 1.24%. The asset class is also seeing losses of 1.62% year-to-date.
2h ago -
Alaska's efforts to manage its cyclical revenues brought an upgrade from S&P Global Ratings and positive outlook from Moody's Ratings.
2h ago -
Sen. Joe Manchin, D-W.Va., has already pledged to try to overturn the rule in Congress.
3h ago -
April's volume stood at $40.456 billion in 653 issues, up 21.2% from $33.377 billion in 666 issues in 2023.
3h ago -
The deal, originally planned at $1.5 billion in three maturities, was downsized and restructured and then restructured again into one 10-year bullet maturity.
6h ago