All governmental funds tax collections for the first half of New York State’s 2011-12 fiscal year rose 12.6% from the same period last year, but were $391.9 million less than updated financial plan projections, according to the September 2011 cash report released by Comptroller Thomas DiNapoli.

Year-to-date growth of 18.3% in general fund personal income-tax collections largely reflects what DiNapoli called “robust” estimated tax settlements based on 2010 earnings and does not necessarily reflect current economic conditions.

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