Massachusetts budget watchers are predicting a steep drop in revenue in the face of the coronavirus economic shutdown. Democratic House Ways and Means Chairman Aaron Michlewitz said the House typically holds its budget debate in April, a timeline he said is no longer feasible. Massachusetts Taxpayers Foundation President Eileen McAnneny said the state could see a decline of billions of dollars in revenue and massive layoffs as high as 570,000 that could push the unemployment rate to nearly 18%.
April 16, 2020
FY 2021
News from Around Our 50 States
Massachusetts budget watchers are predicting a steep drop in revenue in the face of the coronavirus economic shutdown. Democratic House Ways and Means Chairman Aaron Michlewitz said the House typically holds its budget debate in April, a timeline he said is no longer feasible. Massachusetts Taxpayers Foundation President Eileen McAnneny said the state could see a decline of billions of dollars in revenue and massive layoffs as high as 570,000 that could push the unemployment rate to nearly 18%.
