According to the nonprofit Massachusetts Taxpayers Foundation (MTF), fiscal 2021 state revenues have already dropped an estimated $4 billion due to the economic impact of COVID-19, and hopes for a rapid recovery have faded. “The economic recovery will be like a Nike swoosh,” Bragan said, quoting a taxpayers foundation spokesperson and referring to the symbol that appears on Nike products.
October 22, 2020
FY 2021
Anticipating a financial crunch, Select Board and FinCom call for level-funded budgets for FY22
According to the nonprofit Massachusetts Taxpayers Foundation (MTF), fiscal 2021 state revenues have already dropped an estimated $4 billion due to the economic impact of COVID-19, and hopes for a rapid recovery have faded. “The economic recovery will be like a Nike swoosh,” Bragan said, quoting a taxpayers foundation spokesperson and referring to the symbol that appears on Nike products.
