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Analysts See Tax Revenues Holding At Elevated Levels

Colin A. Young1/24/23 4:30 PM

Beacon Hill's three budget chiefs -- Secretary Matthew Gorzkowicz, Sen. Michael Rodrigues, and Rep. Aaron Michlewitz -- listen to testimony from the state revenue commissioner Tuesday at a hearing on the fiscal 2024 revenue outlook. [Sam Doran/SHNS]

State tax revenues have grown at a torrid pace, surging nearly 40 percent, over the last two fiscal years. But while that sharp upward trajectory is not expected to continue, analysts and economists mostly agreed Tuesday that Beacon Hill can count on collections to remain at their elevated levels over the next year and a half with growth slowing back into the low single digits.

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