Revenue base eroding as annual budget talks ramp up


May 12 2017

By Andy Metzger, State House News Service / The Lowell Sun

An official at the Massachusetts Taxpayers Foundation confirmed that if May and June revenues hit benchmarks, the state would need 5.77 percent growth in tax receipts to meet its target in fiscal 2018. Doug Howgate, director of policy and research for the business-backed group, said the last time the state exceeded that level of growth was in fiscal 2015 when tax revenues grew 7.8 percent.
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