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.
December 20, 2020
FY 2022
Economists: Job growth, retail resurgence could boost state's financial footing
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.