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NYS Comptroller

THOMAS P. DiNAPOLI

2017 FINANCIAL CONDITION REPORT

Taxes


Total State Tax Collections SFY 2017 State Tax Collections By Tax Type Share of Property Tax by Government Entity in 2015 (Excluding NYC) Taxes of NY Taxpayer per $1,000 of Personal Income Total State Revenues by Revenue Type

Tax Collections Declined in SFY 2016-17

  • In SFY 2016-17, New York
    State tax collections decreased by 0.4 percent.
  • From 2013 to 2017, New York State tax collections have increased by 12.2 percent.
  • The combined federal, State and local tax burden in New York State was $352 per $1,000 of personal income in fiscal year 2016.
  • At the local level, over 60 percent of all property taxes are collected by school districts.

The State Relies Heavily on the Personal Income Tax as a Major Source of Revenue

  • Personal income tax:
    • Makes up over 60 percent of New York State’s tax collections.
    • Has increased in collections by 18.2 percent from 2013 to 2017.
  • Only Oregon has a heavier reliance on the personal income tax than New York State. Nationwide, states rely more heavily on sales and user taxes.
  • Collections for consumption and use taxes, New York State’s second largest tax revenue source, increased by nearly 11 percent from 2013 to 2017.

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