Thursday, March 4, 2021

"6.1 percent more than it did during the same eight pre-pandemic months of fiscal year 2020"


"TAX COLLECTIONS exceeded the Baker administration’s expectations by $372 million in February and surpassed the total of collections in February 2020, a development that positions the state to end this budget year having collected more tax revenue than it did last year.

The Department of Revenue said it collected $1.874 billion in taxes last month, $359 million, or 23.7 percent, more than what was collected in February 2020 and $372 million or 24.8 percent more than what the department had been expecting."

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Given this is one of the key factors that Senate President Karen Spilka referenced during the Legislative Forum on Tuesday, this is good news.

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