Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

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/


 

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