Mass. Beating Expectations on Tax Collections

NBC 4 New York

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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