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State braces for more cuts as new taxes can't stop revenue dive

Lexington : MA : USA | 2 months ago  
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State tax collections fell $243 million below estimates last month, the Patrick administration said Friday, likely triggering spending reductions just three months into the fiscal year. Monthly revenues were down 15.9 percent from a year ago, and the first quarter of the fiscal year has produced...
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  • News Source: Reuters | 2 months ago
    Massachusetts officials have begun identifying emergency cuts to make to the fiscal year 2010 budget after the state's September tax revenue collections missed their target, Governor Deval Patrick said on Friday. "Our cabinet has effectively managed...
  • News Source: The Arlington Advocate | 2 months ago
    State tax collections fell $243 million below estimates last month, the Patrick administration said Friday, likely triggering spending reductions just three months into the fiscal year. Monthly revenues were down 15.9 percent from a year ago, and the...
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