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TAX COLLECTIONS SURGED BY $1.9 BILLION IN FISCAL 2019

Michael P. Norton & Colin A. Young7/29/19 6:02 PM

State tax collections will need to grow by less than 1 percent in fiscal 2020 to hit the benchmark lawmakers included in the $43.1 billion budget that Gov. Charlie Baker is reviewing. The Department of Revenue on Monday reported that final fiscal 2019 tax collections totaled $29.69 billion, only $200 million less than the upwardly revised $29.89 billion estimate that lawmakers used in the fiscal 2020 budget they approved last week.

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