The Daily Gazette
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Hurricane Sandy could add to state’s tax revenue shortfall

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One of the biggest fallouts from Superstorm Sandy could hit New York state taxpayers hard. Tax collections were $170.8 million below expectations in October before the storm hit New York City, Long Island and the Hudson Valley on Oct. 28, Comptroller Thomas DiNapoli’s review of tax revenues showed. That gap is based on estimate revisions made in July. October’s revenues were more than $259.8 million below the estimate in the budget adopted in April. The ...

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