By Michael Norton, State House News Service / The Berkshire Eagle
Instead, with the funding restorations, MTF estimates a $240 million gap in the one-month-old $39.259 billion budget, which itself calls for the administration to hold back on $200 million in spending in order to create "reversions." "Only one month into the fiscal year, any estimates of a budget gap are very fluid and subject to change," MTF wrote in an analysis of budget vetoes Wednesday.
“There are certainly some signs that things are slowing down,” said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation. “The sales tax is the second-largest source of tax revenue for the Commonwealth. If it’s going down, we need to be paying careful attention to that.”