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Average Wall Street bonuses are rebounding after 2008 recession, NY Comptroller Thomas DiNapoli reported Wednesday.

(AP Photo/Mark Lennihan)

SYRACUSE, N.Y. - Wall Street bonuses are rebounding to the pay days before the 2008 recession, New York State Comptroller Thomas DiNapoli reported Wednesday.

The average bonus in the Wall Street financial industry for 2013 was $164,530.

The total: $26.7 billion.

That's 15 percent higher than the year before.

Wall Street bonuses sank to just $16.6 billion in 2008 - a 47 percent dip from the year before.

This is why it matters to Upstate New Yorkers: New York state collects billions of dollars in taxes on those big bonuses.

The state depends more heavily on Wall Street revenues than even New York City does.

The state collected $10.3 billion in taxes in the 2012-13 fiscal year. That makes up 16 percent of all state tax revenue. (Still down from 20 percent before the recession.)

This chart shows the ups and downs on Wall Street since 1985.

Year Average bonus Annual change 1985 $13,970 36% 1986 $14,120 1% 1987 $15,610 11% 1988 $13,290 -15% 1989 $13,260 0% 1990 $15,540 17% 1991 $31,100 100% 1992 $36,200 16% 1993 $39,660 10% 1994 $32,190 -19% 1995 $41,410 29% 1996 $63,870 54% 1997 $67,800 6% 1998 $53,040 -22% 1999 $75,020 41% 2000 $100,530 34% 2001 $74,140 -26% 2002 $60,900 -18% 2003 $99,930 64% 2004 $113,450 14% 2005 $149,800 32% 2006 $191,360 28% 2007 $177,830 -7% 2008 $100,850 -43% 2009 $140,620 39% 2010 $138,970 -1% 2011 $111,430 -20% 2012 $142,980 28% 2013 $164,530 15%



Contact Michelle Breidenbach at (315) 470-3186, mbreidenbach@syracuse.com or follow on Twitter @mbreidenbach.