State Comptroller Thomas DiNapoli said Wednesday the cash report tax collections through November was $39.2 billion, which is $163.4 million below the state’s estimates.

The cash report, which was updated last month, was also $702.4 million below initial estimates in April.

The mid-year update to the financial plan released November 28 projected tax growth of 2.9 percent for the year. However, all funds tax collections of $39.2 billion through November rose just 0.4 percent, or $162.3 million, from the same period last year. In order to meet these projections, tax collections will have to grow 6.7 percent in the last four months of the fiscal year.

The update did not reflect the effects of Hurricane Sandy. The governor’s proposed budget, expected January 22, is anticipated to include projections based on the storm as well as conditions in the economy.

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