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Healey defends tax cuts as essential amid state's tightening financial outlook wbjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wbjournal.com Daily Mail and Mail on Sunday newspapers.
BOSTON — Gov. Maura Healey and her budget team hit the reset button Monday, announcing a plan to cut $375 million from the current year’s budget amid flagging tax collections, to downgrade the amount of tax revenue expected this budget year by $1 billion, and to build the next state spending plan on the assumption […]
The fines are one of the state's main tools to push local housing agencies to fill empty units, but they were largely meaningless for years because the state failed to enforce them.
Mass. fined local housing authorities $4M for leaving units empty. Most were forgiven, or forgotten masslive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from masslive.com Daily Mail and Mail on Sunday newspapers.
With the state’s revenue gravy train jumping the tracks, will the lawmakers curb their spending appetite and finally exercise some fiscal restraint? Beacon Hill’s deteriorating financial picture took another turn for the worse on Tuesday with the report that tax receipts in November again failed to meet expectations, leaving the state’s collections significantly below fiscal […]
Beacon Hill’s growing financial headache got worse when the Healey administration reported that tax collections tumbled in November, putting the state’s revenue picture about $627 million below the projection for this point in the year. The Department of Revenue announced it collected $2.253 billion in taxes last month, which was $131 million or 5.5% less […]
The Massachusetts economy and state tax revenues are expected to see “moderate growth” and Beacon Hill can expect to make further adjustments following record-high collections in the immediate post-pandemic years.