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Northeast Report

Beacon Hill leaders expect continued growth in Massachusetts' tax collections

WAMC Northeast Public Radio | By Paul Tuthill
Published February 1, 2023 at 10:06 AM EST
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The consensus revenue estimate announced by Beacon Hill leaders in the legislative and executive branches is the first step to assembling a final state budget that is due at the end of June 2023.

New 'millionaires tax' forecast to raise $1 billion for the FY '24 budget

The first building block is set for the first budget Massachusetts Gov. Maura Healey will file by March 1st.

Her administration and the top budget-writers from the state legislature this week announced a consensus revenue estimate that projects tax collections will grow by 1.6 percent.

The consensus revenue estimate of $40.4 billion was arrived at after a public hearing last week at the State House that featured testimony from economists and policy analysts.

One of those testifying was Doug Howgate, president of the Massachusetts Taxpayers Foundation. After the consensus revenue estimate was announced, WAMC’s Pioneer Valley Bureau Chief Paul Tuthill spoke with Howgate.
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News Massachusetts Taxpayers FoundationMassachusetts State Budgetmillionaires' tax
Paul Tuthill
The record-setting tenure of Springfield Mayor Domenic Sarno. The 2011 tornado and its recovery that remade the largest city in Western Massachusetts. The fallout from the deadly COVID outbreak at the Holyoke Soldiers Home. Those are just a few of the thousands and thousands of stories WAMC’s Pioneer Valley Bureau Chief Paul Tuthill has covered for WAMC in his nearly 17 years with the station.
See stories by Paul Tuthill