State revenues are up after top earners paid more in taxes
New York is seeing a surge in revenues this year following a tax increase on the state’s highest-earning people and businesses.
New York ended September with a balance of about $20 billion in the main operating fund, which is where most state revenues go.
That’s up from $15 billion in September 2020, $9 billion in September 2019 and $6.4 billion in September 2018.