The commonwealth ended the 2025-2026 fiscal year with revenues above projections. According to the Independent Fiscal Office, the overage was $1 billion or 2.1% over projections. Compared to the prior fiscal year, collections were $2.52 billion higher. 

Sales and use tax collections were $293 million, or 1.9% over projections and 8.3% over the prior year. This was driven by non-motor vehicle purchases, which were up 5.9% over the prior year. Personal income tax collections for the year were $382 million, or 1.9% over projections, likely driven by strong capital gains, as non-withholding collections were up 6% and withholding collections were up 0.4% over estimates. 

Fiscal year collections for the Motor License Fund totaled $3.2 billion, which is 2% above the estimate. This fund includes the gas and diesel taxes, as well as other license, fine, and fee revenues. Click here for the Independent Fiscal Office report and here for the state Department of Revenue report.