Counterintuitive News

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It’s too early, I realize.  But the state is $245 million ahead of where we projected we would be at this point in the fiscal year and $674 million ahead of the same point last fiscal year.

Given all the chatter about a recession, its interesting that we aren’t (yet?) feeling the pinch tax-wise.

If that $245 million holds, keep an eye on where it ends up — spent out in a ‘supp’, flushed into the Bay State Competitiveness Trust Fund, or put back into Stabilization.   What, you thought it would fund an income tax rollback?