Experts See Modest Revenue Growth In Mass.

Dec 12 2013

By Bob Salsberg, AP / The Street

Michael Widmer, president of the independent Massachusetts Taxpayers Foundation, said the group's forecast called for tax revenues to grow by 4.7 percent in the fiscal year that begins July 1. But he cautioned that the less than robust economic recovery means the next budget will be another challenging one. "Increases in largely non-discretionary spending for pensions, debt service, Medicaid and other areas, along with expanded commitments to transportation, will consume most of the $1.1 billion in new tax revenues," Widmer said.
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