• December 12 2011

MTF Forecast: Weakening Jobs Picture Slows Revenue Growth in Fiscal 2012 and 2013

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Fiscal 2013 tax revenues will grow by $822 million, or 3.9 percent, to $22 billion, less than half the rate of expansion in fiscal 2011, according to a new forecast released today by the Massachusetts Taxpayers Foundation.

“The small growth in tax revenues will put great strains on the fiscal 2013 budget with increases in nondiscretionary spending outpacing the additional revenues available,” Widmer said.