Massachusetts tax forecast too optimistic: watchdog

Oct 9 2009

Reuters / New York Times

Massachusetts' tax forecasts are overly optimistic, and the state should trim its revenue estimates by at least $600 million, a fiscal watchdog said on Thursday. Michael Widmer, president of the nonpartisan Massachusetts Taxpayers Foundation, who testified at a legislative hearing, also warned of another $200 million to $300 million shortfall in Medicaid.
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