Mass. tax take down in Nov., still above estimate
BOSTON—Massachusetts revenue officials say the state collected about $1.36 billion in taxes in November, a drop of 4.3 percent compared with the same month last year.
Despite the decrease of about $62 million, the November collections were still $53 million above the estimate for the month.
Revenue Commissioner Amy Pitter said one reason for the decline was the fact that the state collected more than $100 million in one-time payments in November 2010.
So far this fiscal year, the state has collected nearly $7.88 billion.
That's up $356 million or 4.7 percent from the same period one year ago. It's also $40 million above the estimate for this point in the fiscal year.
November is one of the smallest tax collection months since there are no quarterly estimated payments due for individuals and most companies.
