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Decrease in Tax Collections Spells Trouble for New England State Budgets
Posted by Cap Willey on Thu, Jun 29, 2017 @ 08:22 AM

Tax collections were lower than expected in Massachusetts, Rhode Island and Connecticut, leaving the states scrambling to minimize the damage to their budgets. New England isn’t alone in state taxation troubles. The National Association of State Budget Officers reported last fall that 25 states had collections below their budget forecasts in the 2016 fiscal year and 24 reported lower-than-estimated general fund revenues for 2017.

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Topics: Massachusetts, State tax, Cap Willey, Rhode Island Budget, state and local tax (SALT), new england state and local tax, Grafton Cap Willey, RI Budget, MA Budget, Connecticut

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