State: 'New fiscal reality' declared as revenues lag


Dec 12 2012

By Michael Norton and Matt Murphy , State House News Service / Lowell Sun

The Massachusetts Taxpayers Foundation estimated fiscal 2014 tax revenues would grow 3.9 percent, in the middle of the range offered by DOR, with foundation president Michael Widmer saying "we are still a long way from experiencing the level of revenue growth of prior economic recoveries."

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