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Baker: Reserves, Borrowing Not Needed for Fiscal 2020
9/30/20 7:38 PM
State tax collections in the fiscal year that ended June 30 came up about $693 million short of expectations, mostly driven by an evaporation of sales tax revenue, Gov. Charlie Baker said Wednesday as he filed a bill to close the books on fiscal year 2020 without borrowing or tapping the state's reserves.