State Tax Receipts Rise Higher Than Expected

In a positive sign for the Massachusetts economy, state tax receipts rose higher than expected last month.

The state’s Department of Revenue said its tax collections in March were up about $150 million compared to the same month last year.

Some of that increase was due to a boost in corporate and business excise taxes, a positive sign for the state’s economy.

Income taxes collected were up, too, partially a reflection of jobs that have been added over the past year.

In all, the state’s fiscal-year tax receipts are up about 9 percent from one year ago.