April 15, 2020
PUBLIC FINANCE > Budget > FY 2021

State's economic outlook uncertain amid outbreak

Christian Wade ,

The Daily News

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, predicted the state budget to be hobbled by a $4.4 billion drop in tax revenues in the fiscal year that begins July 1, and even that could change depending on how long it takes to get people back to work. Sales tax collections will take a projected $1.5 billion hit, she said, as consumers put off major purchases such as cars.