The analysis released Wednesday by the Massachusetts Taxpayers Foundation forecasts a $288 million shortfall in revenue and $525 million in spending obligations not included in the budget which runs through June 30. The organization also said the state faces at least $180 million in temporary Medicaid costs resulting from a breakdown of the state's health insurance exchange.
A massive $750 million shortfall, larger than previously estimated, will confront Governor-elect Charlie Baker when he takes office next month, potentially forcing him to make unpopular cuts as he begins his term, according to the Massachusetts Taxpayers Foundation.
Baker said Tuesday that jump-starting the state's stalled medical marijuana rollout would also be an early priority, as would addressing a state budget gap estimated at $329 million by outgoing Democratic Gov. Deval Patrick's administration but even larger by the independent Massachusetts Taxpayers Foundation.