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Massachusetts Tax Collections Top Official Forecasts

Money

Tax collections in Massachusetts jumped by $600 million from the prior fiscal year, a sign officials say the economy is getting stronger.  WAMC’s Paul Tuthill reports.

         Preliminary figures from the Massachusetts Department of Revenue Wednesday showed the state collected more than $21.1 billion dollars during the fiscal year that ended June 30th… an increase of  almost 3% from the year before.  DOR Commissioner  Amy Pitter said the incrase reflects a Massachusetts economy that has grown over the past 12 months.   The report showed income tax collections of just over $11.9 billion…while higher than the year before…fell short of  official state forecasts.  Total tax collections exceeded the official benchmark because of higher than expected  sales,  corporate and business tax collections..

The record-setting tenure of Springfield Mayor Domenic Sarno. The 2011 tornado and its recovery that remade the largest city in Western Massachusetts. The fallout from the deadly COVID outbreak at the Holyoke Soldiers Home. Those are just a few of the thousands and thousands of stories WAMC’s Pioneer Valley Bureau Chief Paul Tuthill has covered for WAMC in his nearly 17 years with the station.