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Tax Collections Running Nearly $3 Billion over Last Year's Pace

Summary by WWLP
BOSTON (SHNS) - State tax collections continued to cruise in May, putting the total haul with just one month left in the fiscal year more than $2.8 billion ahead of last year's pace. The Department of Revenue reported Wednesday that it collected $2.629 billion in May, which is $183 million or 7.5% more than in May 2024 and $139 million or 5.6% above the monthly benchmark. Through the first 11 months of fiscal 2025, Massachusetts has brought in $…

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WWLP broke the news in Springfield, United States on Wednesday, June 4, 2025.
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