Cigarette tax revenue plunges as smokers buy outside New York

Albany has really blown it — tax revenues from cigarettes are up in smoke.

New York state cigarette tax collections have plunged by about $400 million over the past five years, according to figures and estimates from the office of New York State Comptroller Thomas DiNapoli.

And New York has also lost $1.3 billion in uncollected state cigarette taxes each year from alternative sales, according to a separate study.

http://nypost.com/2015/12/27/cigarette-tax-revenue-plunges-as-smokers-buy-outside-new-york/