MassachusettsState report puts FY26 tax revenue below the state limit
The Department of Revenue reports that fiscal year 2026 state tax revenue, excluding an estimated income surtax, fell below the state limit; the State Auditor makes the final determination.
What it does
For fiscal year 2026, the Department of Revenue reports $43.1 billion in net state tax revenue after excluding estimated income surtax revenue—about $5.15 billion below the $48.27 billion limit.
Argument forThe report gives the State Auditor revenue totals and calculations to review, which could help the state check whether the tax limit was exceeded.
Argument againstBecause the report estimates tax revenue below the limit, residents could miss a tax refund if the State Auditor confirms the calculation.
More detail
The Department of Revenue reports that FY26 net state tax revenue, after excluding estimated income surtax revenue, was below the allowable limit. The figures cover Massachusetts fiscal year 2026, from July 1, 2025 through June 30, 2026. The State Auditor must make the determination whether net state tax revenue exceeded the limit. The State Auditor was to make the determination by September 16, 2026; the report says the revenue period ended June 30, 2026.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Sep 28Placed on fileIntroduced
Taxes & BudgetGovernment & EthicsNational Security