OCTOBER TAX COLLECTIONS RISE 7.4 PERCENT FROM 2015
October may be a relatively small month for tax receipts, but revenue collections last month eclipsed the state's newly revised estimates by $79 million, putting the state budget on more solid footing just weeks after Gov. Charlie Baker put the brakes on the idea of making emergency mid-year spending cuts.
Department of Revenue Commissioner Michael Heffernan announced late Thursday that tax collections of $7.97 billion over the first four months of the fiscal year are now $79 million, or 1 percent, ahead of projections and $356 million, or 4.7 percent, higher than the same period last year.
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