Massachusetts ends fiscal year 2018 with $1.1 billion in extra tax revenue

"I think a sizable portion of it is due to federal tax reform, either directly or indirectly," said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation. McAnneny added that the economy is also doing well, although only time will tell how much of revenue is attributable to sustained economic growth rather than one-time money from the tax reform.