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October Tax Collections Off $48M in Mass.


BOSTON (AP) — Massachusetts tax collections in October were $48 million below the same month a year ago, and missed official benchmarks for the fourth consecutive month in this fiscal year.

State Revenue Commissioner Amy Pitter said Monday that Massachusetts appears to be seeing a slowdown in the pace of recovery from the recession.

The state collected slightly above $1.4 billion in taxes last month, down 3.3 percent from October 2011.

October collections were $162 million below benchmarks for the month, and collections through the first four months of the fiscal year that started on July 1 are $256 million below benchmark.

Pitter said higher-than-anticipated income and corporate tax refunds contributed to the weak October performance.

Sales taxes were $13 million higher than the same month a year ago.

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WGGB encourages readers to share their thoughts and engage in healthy dialogue about the issues. Comments containing personal attacks, profanity, offensive language or advertising will be removed. Please use the report comment function for any posts you feel should be reviewed. Thank you.
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