Massachusetts tax revenues surged in September, increasing more than 14 percent compared to the same month last year.
Revenue Commissioner Navjeet Bal says the state collected more than $2 billion last month, or about $250 million more than September of last year. She said it was a sign of a growing economy.
For the first three months of the fiscal year, tax collections are up $442 million, or more than 10 percent, compared to the first quarter of the last fiscal year. Collections are also more than $200 million over the state’s predictions for this fiscal year.
Bal said Monday the September numbers were a dramatic improvement over September 2009, when revenues had tumbled 16 percent.
Income tax collections accounted for much of the increase. They were up $76 million or nearly 8 percent from last year.