State tax revenue in July was down $18 million, or 0.7 percent, over the same month last year, a gap state officials say would have been even greater but for a quirk of timing.
Tax revenue
Posted inState Government
State tax revenues coming in much lower than forecast
Doug Howgate, the president of the Massachusetts Taxpayers Foundation, said the numbers suggest to him that it’s time for the Healey administration to revise downward the tax revenue forecast for this year by about $1 billion and begin to pare back spending using her power to make unilateral cuts.