Experts See Rising Tax Collections In Mass.

Dec 11 2013

By Michael Norton and Matt Murphy, State House News Service / WBUR

The Massachusetts Taxpayers Foundation estimates state tax revenues will grow by 4.7 percent in fiscal 2015, a rate of growth that the foundation said was below the rates of previous economic recoveries. MTF estimates fiscal 2014 tax collections will reach $23.27 billion, or $470 million above the forecast used to build the state budget. Foundation President Michael Widmer predicted increases in “non-discretionary spending” in areas like employee pensions, debt service and Medicaid, in addition to expanded outlays on transportation, will consume “most” of the $1.1 billion in predicted new tax revenues.
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