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Beacon Hill leaders expect continued growth in Massachusetts' tax collections

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.

Paul Tuthill is WAMC’s Pioneer Valley Bureau Chief. He’s been covering news, everything from politics and government corruption to natural disasters and the arts, in western Massachusetts since 2007. Before joining WAMC, Paul was a reporter and anchor at WRKO in Boston. He was news director for more than a decade at WTAG in Worcester. Paul has won more than two dozen Associated Press Broadcast Awards. He won an Edward R. Murrow award for reporting on veterans’ healthcare for WAMC in 2011. Born and raised in western New York, Paul did his first radio reporting while he was a student at the University of Rochester.