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Mass. Revenues For July Fall $24M Below Estimate

This article is more than 10 years old.

Massachusetts got off to a sluggish start for the new fiscal year, with tax collections falling $24 million below estimates for July.

Revenue Commissioner Navjeet Bal announced Wednesday that preliminary revenue collections for July totaled $1.25 billion.

That's $24 million below the monthly benchmark based on the revenue estimate of nearly $18.9 billion for the new fiscal year.

Income tax collections were $699 million, down more than 8 percent from last July and $8 million below the benchmark. Sales tax collections were $345 million, down 5 percent from the year-ago month and $9 million below the benchmark.

Bal said only corporate and business tax collections came close to estimates.

This program aired on August 6, 2009. The audio for this program is not available.

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