December 20, 2020
PUBLIC FINANCE > Budget > FY 2022

Economists: Job growth, retail resurgence could boost state's financial footing

Matt Murphy ,

State House News Service / Telegram

MTF President Eileen McAnneny said the bullish projections were predicated on sales taxes jumping 7.1%, or $484 million, and withholding income tax climbing nearly 4%, or $522 million. Gas and room occupancy taxes could also rebound significantly, she said. "There is a light at the end of the tunnel with the development of a vaccine, but a lot of uncertainty remains," McAnneny said.