March 30, 2020
PUBLIC FINANCE > Budget

State revenue shortfall could reach $3 billion

Shira Schoenberg ,

Commonwealth Magazine

The analysis by the center is similar to a report released March 17 by the business-backed Massachusetts Taxpayers Foundation. The foundation analysis estimated a lower revenue falloff — $300 million to $500 million – in the current fiscal year. But it estimated a similar impact — $2 billion to $3 billion — for fiscal 2021.