May 21, 2020
PUBLIC FINANCE > Budget > FY 2021

DeLeo plans to prioritize transportation, budget, small business

Jon Chesto ,

The Boston Globe

Last week, the Massachusetts Taxpayers Foundation estimated that state tax revenues will fall by $6 billion, or nearly 20 percent, in the next fiscal year, from the revenue outlook that state leaders established in January. DeLeo conceded that the Legislature will likely tap into the state’s $3.5 billion rainy day fund, but he doesn’t want to draw down too much and put the state’s credit ratings at risk.