ICYMI: The state is making money, DiNapoli report says

New York state is turning a profit.

A report released by state Comptroller Tom DiNapoli on Friday shows that the state's cash flow over the first five months of the fiscal year exceeded August projections by $609 million. What's more, state spending is $473.2 million below projections.

That works out to about $5 billion in profits over the first five months of the fiscal year.

But, DiNapoli cautions, Wall Street's volatility is leaving the state's financial picture blurry.

"With the state's strong reliance on Wall Street profitability and the recent volatility in financial markets, the revenue outlook for the remainder of the fiscal year is uncertain," DiNapoli said in a release.

Still, the report's highlights include only positives. Business tax and other tax receipts generated most of the higher-than-expected tax collections, combining for $274 million above projections, according to the report. Personal income tax receipts were $52.7 million above projections.

Have time on your hands? Scroll through the financial data below:

DiNapoli's August Cash Report

Source: ICYMI: The state is making money, DiNapoli report says