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Title: New York tax revenue down $8 billion, or 68%, compared to last April
Source: [None]
URL Source: https://www.investmentwatchblog.com ... -or-68-compared-to-last-april/
Published: May 26, 2020
Author: Michael Bloomberg
Post Date: 2020-05-26 10:02:26 by Horse
Keywords: None
Views: 286
Comments: 1

Personal income tax revenue declined $7 billion: DiNapoli

New York’s cities and counties face $8.2 billion in cuts

New York state’s tax revenue plummeted 68.4% in April, as the coronavirus lockdowns and the extension of tax return filings to July 15 took a toll on state coffers.

The Empire State collected $3.7 billion, or $7.9 billion less than the previous April. Personal income-tax revenue fell more than $7 billion from last April, a drop that was primarily due to the delayed tax filing deadline.

“New York is facing economic devastation not seen since the Great Depression,” New York Comptroller Thomas DiNapoli said in a news release. “New York and other hard-hit states need the federal government to step up and provide assistance, or the state will have to take draconian actions to balance its budget.”

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#1. To: Horse (#0)

I live in North Carolina, this state has lost $1 BILLION and 1 MILLION people out of work, thanks to AW Cooper.

Darkwing  posted on  2020-05-26   13:13:21 ET  Reply   Trace   Private Reply  


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