Massachusetts Taxpayers Foundation President Eileen McAnneny said she expected economic recovery to be “up-and-down and perhaps spotty” until the pandemic is controlled. She projected tax revenues would land at $27.27 billion this fiscal year, $3.9 billion or 12.5 percent below the initial consensus estimate. While still a “sizeable” shortfall, McAnneny said, it’s lower than the $6 billion figure her organization offered in June.
October 08, 2020
FY 2021
Most experts see year-over-year tax revenue decline
Massachusetts Taxpayers Foundation President Eileen McAnneny said she expected economic recovery to be “up-and-down and perhaps spotty” until the pandemic is controlled. She projected tax revenues would land at $27.27 billion this fiscal year, $3.9 billion or 12.5 percent below the initial consensus estimate. While still a “sizeable” shortfall, McAnneny said, it’s lower than the $6 billion figure her organization offered in June.
