Revenue forecast: gloomy, difficult

Oct 9 2009

By John J. Monahan, The Worcester Telegram

Outside of that Medicaid funding problem, Mr. Widmer said, his group estimates the state will see revenues from income, sales and capital gains taxes come in $600 million less than estimated for the budget signed in July. He said the recession will trim estimated income tax, sales tax and corporate excise tax revenues more than expected earlier this year.
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