Budget deficit may reach $370 million this year

BOSTON – Dealing a severe blow to legislative negotiators charged with reaching a state budget accord this month, the Baker administration disclosed Tuesday this year's state budget hole has grown larger and may reach $370 million, while estimates of revenues available for next year's budget might be off by as much as $750 million. The administration filed an updated financial disclosure statement on Tuesday predicting for state investors that tax collections will finish the current budget year

BOSTON – Dealing a severe blow to legislative negotiators charged with reaching a state budget accord this month, the Baker administration disclosed Tuesday this year's state budget hole has grown larger and may reach $370 million, while estimates of revenues available for next year's budget might be off by as much as $750 million. The administration filed an updated financial disclosure statement on Tuesday predicting for state investors that tax collections will finish the current budget year…