Mass. Tax Collections Up 10.6 Percent

At June 30th, the 2011 fiscal year end, revenues exceeded expectation by $723 million.  That amount doesn't cover the $1.9 billion in program cuts that were made in the 2012 fiscal year budget that began July 1st.  There's still much uncertainty in the economy, so the Administration and lawmakers need to be thoughtful about this unexpected surplus.  [Full Article: WBUR]