March 08, 2016
PUBLIC FINANCE > Budget > FY 2017

Capital Gains Revenue in Massachusetts

Last fall, the Massachusetts Taxpayers Foundation released a Stabilization Fund report that drew attention to the risks the state runs by failing to rebuild “rainy day” reserves during times of economic recovery. This companion brief explores how reliance on capital gains tax revenues in the operating budget both increases the dangers posed by a fiscal crisis and weakens our ability to respond to one.

Cap Gains.pdf348.1 KB