Eleven months into the current fiscal year, which ends June 30, it is apparent that consumers are buying less in retail stores and have slowed down their purchase of new cars, but they are still eating out.
Year-to-date revenue collection numbers DOR released this week show that while collections of regular sales tax (retail items) are down $138 million or 5.1 percent from a year ago, and tax collections from the sale of motor vehicles are down $63 million or 13.7 percent from a year ago, meals tax collections of $573 million are just $2 million less than a year ago, down just 0.4 percent.
There has been a lot said about how restaurants have had to revise their menus and pricing to keep customers coming. They are apparently meeting with some success in this tough economy, because the numbers in this case don't lie. The restaurant business appears to be holding up.
To take a look at the complete revenue report for May as well as the year-to-date numbers click here. And feel free to comment with your own observation.
Job Fair Ahead — Mark Your Calendar! posted on Sep 24
FYI– We’re holding a DOR Career Fair Oct. 7th from 6-8:30pm. 100 Cambridge St, Boston. More info to come!
Mission Accomplished posted on Sep 15
They are two dogs with a very unique trick. Meet Fillmore and Max, a canine pair trained specifically to sniff out tobacco. The Massachusetts Department of Revenue recently teamed up with Altria representatives and their tobacco sniffing dogs for a two-day tobacco drive in an …Continue Reading Mission Accomplished
It’s All About Plain Talk posted on Aug 13
Commissioner Amy Pitter wants to be sure that the information going out of DOR to taxpayers is clear and concise. If you received a bill, form or notice from the Department of Revenue and are having trouble understanding what actions you need to take, tell …Continue Reading It’s All About Plain Talk