MAY 3, 2023.....The sudden thud of collapsing state tax revenues echoed through the halls of Beacon Hill on Wednesday, inverting a projected surplus of hundreds of millions of dollars into a shortfall nearly as large and reshaping debate about government spending and tax relief plans.

Massachusetts collected $4.782 billion in taxes in April, a drop of $2.163 billion or 31.2 percent from the same month a year earlier and $1.435 billion or 23.1 percent below the most recent monthly benchmark projection, the Department of Revenue announced Wednesday.