ALBANY, N.Y. – State tax receipts for New York are now $3.2 billion lower than 2019 according to the latest cash report released by the NYS Comptroller's office.

For August alone, the receipts are nearly $220 million less than the same month a year ago. The state did pull in roughly $310 million more than the latest projections from the state division of budget but, already facing a multi-billion dollar deficit, Comptroller Tom DiNapoli, D-NY, warned it’s not enough.

“Tax revenues continue to fall short of levels needed to fund education, health care and other vital services in this year’s budget,” DiNapoli said. “The revenue hole the pandemic created is getting deeper. Unless Washington acts to provide further fiscal relief for New York, painful budget decisions lie ahead.”

The numbers are relatively consistent across the board with personal income and sales tax receipts higher than projections but significantly lower than 2019. Spending is also down significantly, more than $2 billion less than projections and last year.

Those cuts have come primarily from local assistance grants according to the report. The state's general fund is nearly $1 billion above the DOB projections but the report noted that is partially due to short-term borrowing and delays in payments to local governments and other entities.