10th Annual Massachusetts Investor Conference
FY23 Revenue as of September '22
FY23 YTD Revenue as of September '22 totaled $9.194 billion, $443 million or
5.1% more than collections in the same period of FY22 and $224 million, or
2.5% above FY23 YTD benchmark.
Preliminary as of October 5, 2022
Month of September
FY23 YTD as of September
09/22 Actual
Collections
09/22 v. 09/21 $ 09/22 v. 09/21
Fav/(Unfav) % Fav/(Unfav)
09/22 Actual vs 09/22 Actual vs
Benchmark $ Benchmark %
Fav/(Unfav) Fav/(Unfav)
09/22 YTD
Actual
Collections
09/22 YTD v. 09/22 YTD v.
09/21 YTD $ 09/21 YTD %
Fav/(Unfav)
Fav/(Unfav)
09/22 YTD
Actual vs
Benchmark $
Fav/(Unfav)
09/22 YTD
Actual vs
Benchmark %
Fav/(Unfav)
Income
Income Withholding
1,280
90
+7.6%
36
+2.9%
3,820
186
+5.1%
39
+1.0%
Income Est. Payments
871
65
+8.1%
107
+13.9%
980
87
+9.7%
107
+12.2%
Income Returns/Bills
166
78
+88.0%
(46)
-21.8%
306
107
+53.8%
(49)
-13.7%
Income Refunds Net (outflow)
(122)
(81)
-196.4%
35
+22.3%
(196)
(107)
-121.6%
35
+15.2%
Subtotal Non-withheld Income
915
62
+7.3%
95
+11.6%
1,091
87
+8.6%
93
+9.3%
Subtotal Income
2,195
152
+7.4%
131
+6.4%
4,911
272
+5.9%
132
+2.8%
Sales & Use
Sales - Regular
Sales Meals
529
50
+10.5%
55
+11.6%
1,659
136
+8.9%
54
+3.4%
131
11
+9.6%
18
+16.4%
398
46
+13.1%
19
+5.1%
Sales Motor Vehicles
105
8
+7.8%
7
+7.6%
289
18
+6.7%
7
+2.6%
Subtotal Sales & Use
766
70
+10.0%
81
+11.8%
2,346
200
+9.3%
81
+3.6%
Corporate & Business - Total
973
(30)
-3.0%
28
+3.0%
1,162
(64)
-5.2%
29
+2.5%
All Other
254
2
+0.9%
(16)
-6.1%
776
35
+4.7%
(17)
-2.2%
Total Tax Collections
10
SIGILLUM
4,187
194
+4.9%
224
+5.7%
9,194
443
+5.1%
224
+2.5%
REIPUBLICView entire presentation