August 05, 2022
PUBLIC FINANCE > Budget > FY 2023

Massachusetts has a nearly $5 billion surplus. Now what?

Matt Stout ,

The Boston Globe

“The surplus is a little bit larger than we initially anticipated, even a couple weeks ago,” said Doug Howgate, executive vice president of the Massachusetts Taxpayers Foundation, a business-backed budget watchdog that, as recently as last week, estimated the surplus could reach nearly $4.7 billion. “It’s the highest I’ve ever seen.”