Budget

The Massachusetts Taxpayers Foundation, a state watchdog group, issued a revised report this week projecting the state could collect $6 billion less in tax revenues in fiscal 2021 because of the coronavirus pandemic. MTF President Eileen McAnneny projected in April that the state would collect $4.4 billion less in tax revenues next fiscal year.

Last week, the Massachusetts Taxpayers Foundation estimated that state tax revenues will fall by $6 billion, or nearly 20 percent, in the next fiscal year, from the revenue outlook that state leaders established in January.

But defeat of the override will seem like a spring shower compared to the hurricane-sized threat posed by a potential COVID-caused loss of $800,000 to $1 million in state aid.