News and Announcements

For Massachusetts Department of Revenue

Monthly collections down $46 million or 1.4% vs. September 2019 actual

$1.979 billion in August revenue will be recorded in FY2021, which is $7 million or 0.4% less than the collections in August 2019

Included in the July total is $2.293B of preliminary F20 deferred income tax

June revenue collections total $2.493 billion as of July 24, 2020. Collections are down $691 million vs. June 2019 actual and $761 million below monthly benchmark. FY2020 revenue is still being collected and will be revised.

Monthly collections down $262 million vs. May 2019 actual; $320 million below monthly benchmark