BUT....BUT.... he says:

Comptroller: NY Tax Collections Beat Projections
DiNapoli says tax collections were almost $500 million above what was predicted in the state budget adopted in late March
http://www.nbcnewyork.com/news/local/com....

cash report is here...LOL
http://www.osc.state.ny.us/finance/finre....

all the bulge brackets capped cash bonuses at around $150k...i'm guessing that didn't help.

(in thousands)
                                 Net Collections           Difference
Personal Income Tax          April 2011   April 2012    Amount    Percent 
Withholding                 $2,303,393   $2,373,631     $70,238       3.0
Estimated Tax                4,184,359    3,848,629    -335,730      -8.0
Final Payments               1,426,228    1,439,346      13,118       0.9
Delinquencies                  135,779      141,828       6,049       4.5
LLC Fees                         2,382        2,545         163       6.8
    Total Gross Collections $8,052,141   $7,805,979   -$246,162      -3.1

Refunds/Minor Offsets        2,457,492    2,615,534     158,042       6.4
State/City Offsets              56,791       55,985        -806      -1.4
            Net Collections $5,537,858   $5,134,460   -$403,398      -7.3

Withholding went up, as it should have, because New York has been reporting new jobs. Estimated imploded.

I bet a lot of the Withholding includes City, Municipal and State OVERTIME - people I know who work for the city have been raking it in the past year.

Pojects need to get done and they are not hiring any new employees so the existing ones are making out like bandits, also props up their pension.

Also note Estimated Tax is down that is the real economy, will also show up in sales tax, not good.