BOSTON (AP) — Massachusetts is continuing to struggle to meet monthly tax projections.
In August, the state collected about $1.74 billion in taxes.
That’s $9 million more than August of last year, but $42 million — or 2.4 percent — below the estimate for the month.
That means that for the first two months of the 2017 fiscal year — July and August — total revenues are 1.3 percent greater than at the same point last year, but $36 million below benchmark.
Revenue Commissioner Michael Heffernan said Tuesday that the tax collections reflect a continuation of what he called “adverse trends” from recent months, including lower-than-expected growth in sales and income-related payments.
Heffernan said that while most independent researchers remain generally positive about the Massachusetts economy, his office will closely monitor revenue collections.
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