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Tax Revenues Falling in Massachusetts – Will State Raise Taxes During Coronavirus Economy?

Tax Revenues Falling in Massachusetts – Will State Raise Taxes During Coronavirus Economy?

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Tax revenues for the current fiscal year in Massachusetts will likely come in somewhere between 4 and 12 percent less than expected before coronavirus hit, a state revenue official said. That leaves the question of whether state legislators will cut spending, increase taxes, or wait for a federal bailout.

Tax revenues for the current fiscal year in Massachusetts will likely come in somewhere between 4 and 12 percent less than expected before coronavirus hit, a state revenue official said. That leaves the question of whether state legislators will cut spending, increase taxes, or wait for a federal bailout.…