Doug Howgate News Today

Massachusetts tax collections in May took a step back after a massive haul in April driven largely by a voter-approved surtax.

State officials believe most of the unexpected revenue was generated by the state’s new surtax and collections from capital gains — money that state officials largely can’t use to balance the budget as a whole.

Massachusetts famously brags of living by its wits. While other regions may claim better year-round weather as a draw, or natural resources or an industrial base that fuel their economies, the Commonwealth has looked to a surfeit of brain power as its comparative advantage. That has made recent decades a golden era in Massachusetts, as […] The post Mass. higher ed sector facing stiff headwinds appeared first on Rhode Island Current.

CHEERS to Massachusetts elected officials who are pushing a plan to collect overdue taxes in an era of inflation and all-around economic insecurity.

A twice-failed push to limit who can access state-funded emergency shelters based on the amount of time they have been in Massachusetts will rise from the ashes again later this week when the House takes up its fiscal year 2025 budget proposal.

CHEERS to Massachusetts elected officials who are pushing a plan to collect overdue taxes in an era of inflation and all-around economic insecurity.

House Democrats want to boost state spending by 3.3 percent next fiscal year with a $57.9 billion budget that mirrors many of Gov. Maura Healey's ideas for tapping new funding sources and drives up outlays on the expectation that flat state tax collections will begin to rise again.

BOSTON — Acknowledging the possibility that tax revenues could sink further over the last three months of the budget year, Gov. Maura Healey on Wednesday imposed tighter controls on state

Budget watchers said the more positive revenue news doesn’t necessarily signal a 180-degree turn for the better.

If trends persist, Speaker says "cuts will have to come."