‘Sobering’ estimates mean budgeting with billions less

in

Apr 14 2020

By Matt Murphy, State House News Service / Daily Hampshire Gazette

Massachusetts Taxpayers Foundation President Eileen McAnneny said unemployment in the second quarter of 2020 could push toward 18 percent, with 570,000 jobs lost and a $4.4 billion, or 14.1%, decline in projected revenue for the next fiscal year. McAnneny said Massachusetts could recover 410,000 jobs within a year, but employment won't reach pre-virus levels until 2022.
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