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.
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