Economists say a $1b state budget cut may be needed

in

Jun 7 2017

By Joshua Miller, The Boston Globe

Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation, predicted legislators will have to slice between $750 million and $1 billion from their $40.3 billion budget. That won’t all be in program cuts, she said, but it won’t be painless. “Eight years into an economic recovery, we have seen state tax revenue slow down considerably. And it looks like more than a blip,” she said. “So we have to adjust the budget accordingly, and make sure spending aligns with revenues.”
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