Forecasting state tax revenues 18 months into the future is always risky as unforeseen events often undermine predictions as the past three years have demonstrated. However, predicting revenues in FY 2019 is more daunting than usual because there are several upcoming events over the next 12 months, any one of which will have major impacts on state tax revenues, but those impacts are unknowable right now. Taken together, these events could dramatically alter the state’s fiscal health. Foremost among these events are three ballot initiatives in November described later in this analysis.
December 06, 2017
FY 2019
MTF Forecast: Foundation Advises Beacon Hill – ‘Batten Down the Hatches’
Forecasting state tax revenues 18 months into the future is always risky as unforeseen events often undermine predictions as the past three years have demonstrated. However, predicting revenues in FY 2019 is more daunting than usual because there are several upcoming events over the next 12 months, any one of which will have major impacts on state tax revenues, but those impacts are unknowable right now. Taken together, these events could dramatically alter the state’s fiscal health. Foremost among these events are three ballot initiatives in November described later in this analysis.
