Mass. State Legislature Dealing with Shortfall in Tax Revenues | NECN
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Mass. State Legislature Dealing with Shortfall in Tax Revenues

Mass. is finding ways to deal with the shortfall

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    Republican Gov. Charlie Baker and the Democratic-controlled Legislature are considering ways to deal with an unexpected and untimely shortfall in state tax revenues.

    The problem came to the forefront this past week and threatens to slow final negotiations on Massachusetts' nearly $40 billion budget for the fiscal year starting July 1. It could also overshadow work on other major bills pending on Beacon Hill entering the final weeks of the 2015-2016 legislative session.

    The Baker administration now estimates that state tax collections in the new fiscal year will fall as much as $750 million below original projections.

    State officials earlier said that the current year will likely end with a more than $300 million revenue shortfall.


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