TAXES THROUGH NOVEMBER GROWING AT 4.8 PERCENT CLIP
November tax collections, albeit the smallest month for state revenues of the year, beat expectations by $25 million, notching another positive month for Massachusetts budget managers now $204 million in the black for the year.
The Department of Revenue announced Tuesday that collections of $1.74 billion in November exceeded benchmarks by 1.5 percent. Through the first five months of the fiscal year, tax revenues have grown by $452 million, or 4.8 percent, over the same period last year and have exceeded benchmarks by 2.1 percent.
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