Updated August 27 at 2:27pm

Mass. revenue jumps $79M from Feb. 2011

BOSTON – The Mass. Department of Revenue says the state saw a February monthly collection of $1.011 billion in revenue, $38 million greater than the monthly benchmark. That amounted to a $79 million increase over February 2011.

To continue reading this article, please do one of the following.



Enter your email to receive Providence Business News' e-newsletters
and breaking news alerts.  

RHODE ISLAND & MASSACHUSETTS NEWS BRIEFS

Mass. revenue jumps $79M from Feb. 2011

Posted:

BOSTON – The Mass. Department of Revenue says the state saw a February monthly collection of $1.011 billion in revenue, $38 million greater than the monthly benchmark. That amounted to a $79 million increase over February 2011.

Year-to-date tax collections total $12.895 billion, up $315 million, or up 2.5 percent from a year ago. However, that figure is $58 million below the revised fiscal 2012 revenue estimate of $21.010 billion.

According to a news release, February is historically the smallest net tax-collection month of the fiscal year as there are no quarterly estimated or final annual tax payments due. Refunds are also heavy in February.

February collections had previously exceeded $1 billion in 2008, $1.147 billion, and in 2010, $1.004 billion. •

26~51, 032612 R.I. & MASS. NEWS BRIEFS, economic indicators, government, public policy, economy, collections, Mass. Department of Revenue, 26~51, Issue032612Export.pbn

Comments

No comments on this story | Please log in to comment by clicking here
Please log in or register to add your comment
Latest News