State tax revenues for fiscal 2011 will total $18.953 billion, a $674 million increase over the fiscal 2010 revised benchmark, according to a new forecast today by the Massachusetts Taxpayers Foundation.MTF President Michael J. Widmer, who presented the forecast at the annual consensus revenue hearing, said, "Even with this revenue growth, the state faces an estimated $3 billion structural deficit in fiscal 2011."
December 16, 2009
FY 2011
MTF Forecast: Limited Revenue Growth in Fiscal 2011; Large Structural Deficit Remains
State tax revenues for fiscal 2011 will total $18.953 billion, a $674 million increase over the fiscal 2010 revised benchmark, according to a new forecast today by the Massachusetts Taxpayers Foundation.MTF President Michael J. Widmer, who presented the forecast at the annual consensus revenue hearing, said, "Even with this revenue growth, the state faces an estimated $3 billion structural deficit in fiscal 2011."
