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Local News SO FAR THIS FISCAL YEAR THROUGH FEBRUARY, REVENUE COLLECTIONS HAVE TOTALED NEARLY $18.43 BILLION. By Associated Press March 8, 2020 1 minute to read BOSTON (AP) — The economy in
Massachusetts is continuing to show strength in the first months of the year. In February, the state pulled in $1.53 billion in tax revenues. That’s an increase of $69 million or 4.7% over
estimates and $115 million or 8.1% more than actual tax collections in February of last year. So far this fiscal year through February, revenue collections have totaled nearly $18.43
billion. That’s $909 million or 5.2% more than the same fiscal year-to-date period in 2019, and $176 million or 1% more than the estimate at this point in the current fiscal year, which
began July 1. Acting Department of Revenue Commissioner Kevin Brown said most major revenue categories performed as expected in February. He credited the above-benchmark performance for the
month largely on the estate tax. Advertisement:
