On January 14^th, budget leaders from the House, Senate, and Healey administration announced a $44.9 billion consensus tax revenue figure for Fiscal Year (FY) 2027, including $42.2 billion in non-surtax revenue and $2.7 billion related to the income surtax. Non-surtax revenues are expected to grow by $986 million (2.4 percent) over estimated FY 2026 collections. 

On December 16^th, 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.