- Associated Press - Friday, December 2, 2016

BOSTON (AP) - State tax collections were off target last month and are once again running slightly below projections for the current fiscal year.

Revenue Department Commissioner Michael Heffernan said Friday that revenues totaled about $1.5 billion in November. That was about $152 million, or 9.2 percent, below benchmarks for the month.

The state, however, shut down its tax processing system for the last three days of November while transitioning to a new system. As a result, 51 million in taxes received during that period will not show up on the books until December.

Including the $51 million that won’t be recorded until next month, state revenues are 21 million - or 0.2 percent - below benchmarks for the fiscal year that runs through June 30.

The state budget totals nearly $40 billion.


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide