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ALL SIDES AGREE ON HOW MUCH IS ENOUGH FOR NEXT FISCAL YEAR

ALL SIDES AGREE ON HOW MUCH IS ENOUGH FOR NEXT FISCAL YEAR

Top budget officials in the Patrick administration and the Massachusetts House and Senate have agreed on a single estimate for how much the state is expected to collect in revenue in the fiscal year beginning July 1.  That estimate is $24.3 billion.  Of that, nearly $1.2 billion is expected to come from taxes on capital gains. About 10 percent _ or $122 million _ of those capital gains dollars would automatically be deposited in the state's rainy day savings fund. 

 

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