DEPARTMENT OF TAXATION AND FINANCE
|
Adjusted |
Executive |
Legislative |
Change |
|
STATE OPERATIONS |
||||
|
General Fund |
269,732,000 |
271,282,000 |
266,228,000 |
(5,054,000) |
|
Special Rev.-Fed. |
300,000 |
300,000 |
300,000 |
0 |
|
Special Rev.-Other |
22,129,000 |
32,761,000 |
32,761,000 |
0 |
|
Internal Service Fund |
49,362,000 |
63,705,000 |
59,005,000 |
(4,700,000) |
|
Total for STATE OPERATIONS: |
341,523,000 |
368,048,000 |
358,294,000 |
(9,754,000) |
|
AID TO LOCALITIES |
||||
|
General Fund |
750,000 |
0 |
0 |
0 |
|
Total for AID TO LOCALITIES: |
750,000 |
0 |
0 |
0 |
Agency Mission
The Department of Taxation and Finance administers New York State's tax laws and related local taxes. The Department also collects State taxes totaling over $33 billion, and manages the State Treasury.
Year-to-Year Change
The Executive recommends funding of $342,273,000 for State Fiscal Year 1998-99, an increase of $8,609,000, or 2.6 percent, over the current year.
Legislative Changes
|
Reduction to eliminate redundant computer purchases. |
$(5,054,000) |
ST/GEN |
As the State undergoes computer centralization, the Assembly proposes to eliminate redundant computer purchases by reducing the Revenue Information and Management account.
|
Limit growth in Banking Services. |
$(4,700,000) |
ST/INT |
This reduction will require Fleet and the Department of Taxation and Finance to manage the PIT 2000 contract for processing income tax returns at a rate appropriate for the proposed reduction in income tax filers due to the increase in the filing threshold.