Amid months of hand-wringing about the state's financial footing, Massachusetts ended the most recent budget cycle with tax collections that just about matched the official forecast for modest growth.

Tax collections from all sources totaled $43.708 billion in fiscal 2025, a 7.1% increase over fiscal year 2024 and 5.1% more than the benchmark, the Department of Revenue announced Friday. That was driven by growth in the income surtax, capital gains tax revenues, sales and use taxes, and "all other" taxes, which were "partially offset" by decreases in corporate and business taxes, according to DOR Commissioner Geoffrey Snyder.

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The state hauled in $38.282 billion from tax sources other than the surtax on wealthy house

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