The Secretary for Administration and Finance and the Chairs of House and Senate Ways and Means Committees have agreed to assume $27.072 billion in tax revenue in FY 2018. This amount represents 3.9 percent growth over expected FY 2017 revenues. While this level of projected growth is low compared to recent agreements, it exceeds both recent collection trends and the majority of revenue forecasts presented at the recent Consensus Revenue Hearing.
January 12, 2017
FY 2018
MTF’s Analysis of the 2018 Revenue Forecast
The Secretary for Administration and Finance and the Chairs of House and Senate Ways and Means Committees have agreed to assume $27.072 billion in tax revenue in FY 2018. This amount represents 3.9 percent growth over expected FY 2017 revenues. While this level of projected growth is low compared to recent agreements, it exceeds both recent collection trends and the majority of revenue forecasts presented at the recent Consensus Revenue Hearing.
