Fiscally sound state budget is key this year
MassBudget Information. Participation. Massachusetts Budget and Policy Center Democracy. Fiscally sound state budget is key this year The Fiscal Year (FY) 2019 budget year could be the most eventful in decades, with major changes in federal policy looming and ballot questions that could reshape state tax policy likely to appear on the November ballot. This year's budget will be written in a climate of uncertainty, and against a backdrop of ongoing fiscal challenges. Recent tax revenue trends, however, have been positive, potentially creating an opportunity to address the state's fiscal instability. Our FY 2019 Budget Preview examines the state's fiscal condition heading into FY 2019 and examines projected revenue growth as well as the costs of maintaining current services. While recent revenue trends suggest the state could end FY 2018 in a strong fiscal position, when enacted the FY 2018 budget w...
