January 04, 2024
BUDGET & TAXES > Budget > FY 2024

State tax revenues coming in much lower than forecast

Halfway through fiscal year, $769m lower than projected

Bruce Mohl ,

Commonwelath Beacon

Doug Howgate, the president of the Massachusetts Taxpayers Foundation, said the numbers suggest to him that it’s time for Gov. Maura Healey to revise downward the tax revenue forecast for this year by about $1 billion and begin to pare back spending using her power to make unilateral cuts.