MTF SEES POSSIBLE BOOST IN FISCAL 2018 REVENUE ESTIMATE
With tax collections shattering benchmarks midway through fiscal 2018, it's possible that state officials will upgrade this year's expected revenue haul when they agree, perhaps this week, on an estimate of tax receipts for fiscal 2019, according to the Massachusetts Taxpayers Foundation.
In a report on Monday, the business-backed group noted collections are running nearly $730 million above benchmarks through December and recommended the state use above-benchmark revenues to build its rainy day, or stabilization reserve, an area that credit rating agencies have flagged as a concern.
Already a subscriber? Login to continue reading...
Get the Rest of the Story!
State House News Service subscribers include media outlets, corporations, non-profits and law offices of every size. You may request a free 21-day trial of the News Service for your company by submitting the form below.
Note to political campaigns: We do not accept trial requests from campaigns from June 24 through Election Day. However, we would be happy to start a pre-paid subscription for your campaign (except for constitutional offices, congressional offices and statewide campaigns) at a deeply-discounted rate of $22/week, paid through the election. Simply email Virginia Cummings to set up this subscription; she'll send you further instructions.
If you are already a subscriber and need access to SHNS, please send an email to firstname.lastname@example.org or call 617-722-2439.