日期：March 2020
主题：Estimating the shortfall in Massachusetts tax revenue
In mere weeks, Covid-19 has battered the stock market, disrupted businesses of all sizes, and transformed daily life across Massachusetts. Lawmakers should prepare for an equally dramatic collapse in state tax revenues.
Given the uncertain path of the pandemic, and the evolving policy response, precise estimates are difficult. However, using economic projections from a variety of sources, we find that:
- Over the next 15 months, the state could face a tax revenue shortfall of $1.8 billion to $3 billion.
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