Tax could deflate state's economy

Mar 15 2018

The Eagle Tribune

The president of the Massachusetts Taxpayers Foundation told the assembled lunchtime crowd that the state's economy was strong. What's more, the economic recovery has lasted longer than those in the past, and state tax receipts are coming in above estimates. Still, McAnneny worries about clouds on the horizon -- that extra tax money may be coming from folks who tried to pay their taxes early, ahead of federal reform efforts. The state still isn't setting enough money aside in its "rainy day" fund to satisfy credit rating agencies like Moody's and Standard & Poor's.
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