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Tax Collections Soared 15 Percent Last Fiscal Year

Beacon Hill is awash with your old cash. Over the last year, Massachusetts state government collected more than $5 billion more from residents, workers and businesses than it was expecting, a surge in tax receipts that should give lawmakers a massive surplus to spend at the same time that they are considering how to use billions of dollars that the federal government has provided in connection with the pandemic and economic recovery from it.

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