Massachusetts

Mass. Beating Expectations on Tax Collections

Massachusetts is continuing to outmatch expectations when it comes to tax collections.

State Revenue Commissioner Christopher Harding announced Monday that preliminary revenue collections for October totaled just over $1.9 billion.

That's $27 million -- or 1.5 percent -- above expectations for the month and $86 million -- or 4.7 percent -- more than the actual collections during October of last year.

Harding said that so far during the current fiscal year, which began July 1, revenue collections have totaled more than $8.8 billion.

That's $350 million or 4.1 percent more than the year-to-date benchmark and $695 million -- or 8.5 percent -- more than the same fiscal year-to-date period in 2017.

Harding said October's results were consistent with the administration's expectations for steady, moderate growth.

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