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.