State: Tax collections up from prior fiscal year, but running short of projections

We also have more stories about:
(click the phrases to see a list)




BOSTON — Massachusetts revenue officials say tax collections fell short of projections last month and are also running below benchmark for the first quarter of the state's fiscal year.

Revenue Commission Amy Pitter announced Thursday that while tax collections were $53 million — or 2.2 percent — higher in September than in the same month a year ago, they fell short of the monthly target by $108 million.

Pitter said some withholding payments that were expected last month had instead been made in August, and estimated tax payments made by businesses tax also came in lower than expected in September.

For the first three months of the fiscal year that started July 1, tax collections are running $43 million below the benchmark that was used as a basis for the current state budget.

All content copyright ©2014 Daily Reporter, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Click here to read our privacy policy.
Daily Reporter • 22 W. New Road • Greenfield, IN 46140 • (317) 462-5528