Post by Logan on Mar 6, 2017 8:59:39 GMT -6
BOSTON — Massachusetts tax collections have fallen $117 million below expectations for February.
Department of Revenue Commissioner Michael Heffernan said Friday that preliminary revenue collections for February totaled $1.18 billion — which is about 9 percent below the benchmark for the month.
For the fiscal year to date — which began July 1 — the state has collected $15.85 billion. That's $134 million, or 0.8 percent, below estimates for the fiscal year, which ends June 30.
February is historically the lowest tax collection month of the year.
Read more: www.bostonherald.com/news/local_coverage/2017/03/tax_collections_fall_117m_below_expectations_for_february
Department of Revenue Commissioner Michael Heffernan said Friday that preliminary revenue collections for February totaled $1.18 billion — which is about 9 percent below the benchmark for the month.
For the fiscal year to date — which began July 1 — the state has collected $15.85 billion. That's $134 million, or 0.8 percent, below estimates for the fiscal year, which ends June 30.
February is historically the lowest tax collection month of the year.
Read more: www.bostonherald.com/news/local_coverage/2017/03/tax_collections_fall_117m_below_expectations_for_february