August 03, 2021
PUBLIC FINANCE > Budget > FY 2021

Tax collections soared 15 percent last fiscal year

Colin Young ,

State House News Service / WWLP

In late June, the Massachusetts Taxpayers Foundation published a seven-page analysis that projected the state could wind up with a discretionary surplus from fiscal 2021 of between $1.13 billion and $1.48 billion after accounting for an automatic deposit of up to $1.56 billion in reserves from capital gains collections and $800 million in projected balances to end the fiscal year.