Tag Archive for: State Revenues
MBTAAnalysis: A look inside the MBTA
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The MBTA shuttles over a million passengers a day around Greater…
The Necessity of Transparent Tax Revenue Reporting: MA Provides a Shining Example
Revenue collections, predicted revenue, and expenditures are among the most important data points states report. Without accurate predictions and regular reporting, the legislature and governor's office may go over or under budget, potentially leaving citizens and policymakers in the dark about the fiscal health of the state.
For this reason, all states regularly report those numbers and update estimates based on trends, overall economic conditions, and expected changes as a result of new state policies. However, even among the New England states, the transparency and accessibility of such reporting varies greatly and, as a result, limits analysts’ ability to meaningfully compare state revenues and judge performance in real time.
The MassLottery: A Bay Stater’s Favorite Pastime
The Massachusetts lottery made $5.9 billion in 2021, making it the fourth-highest source of revenue for the state. This confirms a long-standing trend: that Massachusettans love to play the lottery.