With the state’s revenue gravy train jumping the tracks, will the lawmakers curb their spending appetite and finally exercise some fiscal restraint? Beacon Hill’s deteriorating financial picture took another turn for the worse on Tuesday with the report that tax receipts in November again failed to meet expectations, leaving the state’s collections significantly below fiscal […]
Beacon Hill’s growing financial headache got worse when the Healey administration reported that tax collections tumbled in November, putting the state’s revenue picture about $627 million below the projection for this point in the year. The Department of Revenue announced it collected $2.253 billion in taxes last month, which was $131 million or 5.5% less […]
The Massachusetts economy and state tax revenues are expected to see “moderate growth” and Beacon Hill can expect to make further adjustments following record-high collections in the immediate post-pandemic years.
Beacon Hill s growing financial headache got worse Tuesday when the Healey administration reported that tax collections tumbled in November, putting the state s revenue picture about $627 million below the projection