April tax collections surpass target by $1b

For the year, revenues are running $889m ahead of adjusted expectations

Collections of $6.324 billion last month exceeded the Healey administration’s monthly benchmark of $5.291 billion by $1.034 billion, or 19.5 percent. But officials said much of that overage came in the form of capital gains tax revenue and income surtax revenue, money that is to be set aside for specifically mandated purposes.