June 30, 2020
PUBLIC FINANCE > Budget > FY 2021

Mass. Treasury draws $500 million from line of credit

Michael Norton ,

State House News Service / WWLP

“These lower appropriation levels address the need for continuing government operations while adjusting for lower tax revenue collections, but even this reduced spending could prove to be overly optimistic should federal assistance levels fall short, the economic recovery is delayed or circumstances otherwise further decline,” the taxpayers foundation wrote in a report released Tuesday afternoon.