On December 16th, the Massachusetts Taxpayers Foundation (MTF), along with the Department of Revenue (DOR) and other economic experts participated in the annual Consensus Revenue Hearing. The hearing offers administration and legislative budget leaders an opportunity to assess current revenue assumptions for Fiscal Year (FY) 2026 and evaluate the resources that will be available to support budgeted spending in FY 2027.
To provide greater context for the testimony provided at the hearing, this brief first reviews FY 2026 revenue collection trends to date. It then provides an overview of the projections offered for FY 2026 and FY 2027 by experts; summarizing key themes, commonalities, and differences. In particular, the brief highlights the unique challenges facing policymakers over the next two fiscal years related to the economic uncertainties driven by federal action.
