BOSTON — With lawmakers poised to vote this week on a tax relief package expected to total more than half a billion dollars in this budget year, the Department of
Early fiscal 2024 tax collections trailing benchmarks wbjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wbjournal.com Daily Mail and Mail on Sunday newspapers.
Massachusetts records year-over-year revenue dip bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
“Despite a disappointing month for tax collections in April, tax revenue in May and June exceeded revised benchmarks and helped to shrink the gap. We are on track to close Fiscal Year 2023 in balance without using the Stabilization Fund,” Gorzkowicz said.
The final accounting of fiscal year 2023 is not yet done, but the Department of Revenue started fiscal year 2024 off in July by collecting $2.67 billion in tax revenue, $264 million or 11% more than was collected in July 2022.