Final Massachusetts Budget Shaved Cash from Projections

08/25/2016

In DOR Updates

Faced with poor revenue collections in the second half of the last fiscal year, state budget writers and finance officials lowered the tax revenue estimate for fiscal year 2017 by $629 million before enacting the fiscal 2017 budget. Tax collections over the second half of fiscal 2016 continually fell shy of benchmarks, creating uncertainty as the administration and Legislature developed a budget for fiscal 2017.

Final Massachusetts Budget Shaved Cash from Projections

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