MassachusettsMassachusetts report projects tax collections below state limit for 2027
The Department of Revenue estimates that Massachusetts tax collections, excluding the additional 4% income tax, will fall $5.69 billion below the fiscal year 2027 limit.
What it does
Massachusetts expects $44.48 billion in tax collections counted toward its $50.17 billion limit for fiscal year 2027. That projected $5.69 billion gap may change as estimates are updated.
Argument forComparing expected tax collections with the state limit could help lawmakers and taxpayers track whether collections are approaching that limit.
Argument againstReaders could mistake the projected gap for a final result, even though updated tax data may change the estimate.
More detail
The Department of Revenue projects that tax collections will remain below the state tax revenue limit. The forecast covers Massachusetts state tax collections. The comparison excludes revenue from the additional 4% income tax. The department may revise its estimates as more data becomes available. The September 2026 report forecasts totals for the fiscal year ending June 30, 2027.
Where do you stand?
Choose your position
Tell your reps
Take a position to see your representatives and ways to contact them.
Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Oct 22Placed on fileIntroduced
Taxes & Budget