By Saeed Azhar NEW YORK (Reuters) -Wall Street banker bonuses rose 31.5% to an average $244,700 last year as dealmaking rebounded, but the boom times may wane as economic uncertainty rises, New York State Comptroller Thomas DiNapoli said on Wednesday.

Wall Street bonuses surged 31% last year on rising markets and a rebound in dealmaking activity, delivering a boon for the industry’s hometown economy. Some are already wondering how long it is going to last.

DiNapoli said Wall Street accounted for 19% of the state’s tax collections in the fiscal year that ended in 2024, and 7% of city tax revenue. The bonus spike was projected to generate $600 million more in state income tax revenue and $275 million more for New York City revenue when compared to 2023, according to his calculations.