October 5, 2011
Mass. Revenue Ahead Of Pace
By Rick Saia
The state took in nearly $2.2 billion in revenue last month, more than $140 million above its monthly benchmark for the fiscal year, according to preliminary estimates from the Massachusetts Department of Revenue.
The agency said the revenue figure was up $178 million -- or 8.9 percent -- from September 2010. Meanwhile, tax collections for the first quarter of the state's fiscal year, which began July 1, were $5.063 billion, up 6.5 percent from the same quarter last year and $190 million above the year-to-date benchmark.
Corporate and business tax collections totaled $443 million, up $23 million or 5.4 percent. They were $14 million above the fiscal year benchmark.
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