![Senator Headshot](/sites/default/files/styles/4_3_small/public/%2811-18-08%29%20Seward-HS-050.jpg?itok=JIw55FSU)
ECONOMIC AND REVENUE REVIEW FY2021
NEW YORK STATE SENATE MINORITY FINANCE COMMITTEE
February 27, 2020
![ECONOMIC AND REVENUE REVIEW FY2021](/sites/default/files/styles/760x377/public/article/main-image/sfc_econ_review_2021.jpg?itok=2rRtBd-s)
Pursuant to section twenty-three of the State Finance Law, the Senate Republican Minority Finance Committee reviewed and analyzed the economic and revenue projections contained within the Executive Budget for FY 2021. Based upon staff analysis, the Senate Republican Minority Finance Committee projects All Funds tax revenues to be $41 million above the Executive for FY 2021. This amount is in addition to the estimate of tax revenues for the remainder of the FY 2020, which is $672 million above the amended Executive estimate. This results in a two year All Funds tax revenue forecast that is $713 million above the Executive projection.
The Senate Republican Minority Finance Committee projects $46 million in General Fund revenues (inclusive of miscellaneous receipts and transfers) above the Executive Budget forecast for FY 2021. This amount is in addition to the estimate for the remainder of FY 2020, which is $286 million above the Executive estimate.
FY2021_economic_and_revenue_review.pdf (3.66 MB)
Share this Article or Press Release
Newsroom
Go to NewsroomSeward Delivers $25,000 Grant to Aid Delaware County Sheriff's Office
September 10, 2018
![Senator Seward (right) congratulates Delaware County Sheriff Craig DuMond after announcing a $25,000 state grant to help cover costs associated with a new investigator’s vehicle within the department’s Drug Enforcement Unit.](/sites/default/files/styles/760x377/public/press-release/main-image/web_8.jpg?itok=L6E7W3Ji)
Oneonta's Historic Damaschke Field to Receive Much Needed Facelift
September 10, 2018
![Senator James Seward announces a $1 million state grant to help fund major renovations and improvements at historic Damaschke Field. From left, Oneonta City Mayor Gary Herzig, Oneonta Outlaws owner Gary Laing, Senator Seward.](/sites/default/files/styles/760x377/public/press-release/main-image/seward_-_damaschke_1_-_09-06-18.jpg?itok=vUxFxoQ8)
Seward Secures $50,000 Grant for Middletown History Center
September 5, 2018
![Senator James L. Seward announces a $50,000 state grant to help fund development of the Middletown History Center. From left, Senator Seward, Historical Society of the Town of Middletown (HSM) President Diane Galusha, Town of Middletown Supervisor Patrick Davis, Village of Margaretville Mayor Diana Cope, Village of Fleischmanns Mayor Donald Kearney.](/sites/default/files/styles/760x377/public/press-release/main-image/web_7.jpg?itok=oBFKNFPe)