The Sobering Truth behind COVID-19’s Impact on Massachusetts’ Annual Budget

Massachusetts Taxpayers Foundation ("MTF") estimates FY21 tax revenue to fall $4.4 billion below the modest benchmark established in early calendar year 2020, while the Massachusetts Budget and Policy Center projects a more dramatic $5 to $5.7 billion range for potential drop in collections. These staggering figures will continue to be impacted by rising unemployment due to business and school closures across the state.

https://www.jdsupra.com/legalnews/the-sobering-truth-behind-covid-19-s-68164/

JD Supra
Mintz – ML Strategies

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