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State faces $900m budget gap, group warns; Tax receipts wane as expenses grow

Jan 16, 2020 - The Boston Globe

ABSTRACT

The analysis by the Massachusetts Taxpayers Foundation suggests that lawmakers may have to consider "tax increases or spending cuts" to balance the state's $43 billion-plus budget.

BODY

Governor Charlie Baker may face tough choices as he prepares to unveil his budget proposal on Jan. 22.

The state could be facing a nearly $900 million budget gap next fiscal year thanks to slowing tax revenue and growing costs, including those under Massachusetts' sw...