- Associated Press - Thursday, November 3, 2016

BOSTON (AP) - Massachusetts tax collections are rebounding somewhat.

The state took in nearly $1.8 billion in revenue last month. That’s $123 million more than October of last year.

It’s also $79 million - or 4.6 percent - above the revised monthly benchmark for October.

That brings total revenues for the 2017 fiscal year to nearly $8 billion - about 1 percent above the revised estimate.

Massachusetts Revenue Commissioner Michael Heffernan said the October tax collections are in line with the state’s recently-adjusted tax revenue outlook.

He said that while income and corporate collections were ahead of benchmark, sales taxes came in slightly below the revised benchmark.

Without that revision, the shortfall would have been larger.

October is one of the smaller tax collection months, with no quarterly estimated payments due for individuals.



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