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New York surpasses projection for tax revenue so far for 2021

New York State Comptroller Tom DiNapoli released a report showing that tax collections for the state have surpassed the original projection by $1.8 billion dollars.

The increase shows that the economy is recovering after the pandemic, but it also shows the revenue being collected from higher tax rates.

DiNapoli wants some of the money stored for fiscal emergencies and improvements to infrastructure.