Tuesday, April 6, 2021

CommonWealth Magazine: State revenue exceeds projection again; Committee on reimagining the post-COVID commonwealth begins work


"THE DEPARTMENT OF REVENUE collected more than $3 billion from Massachusetts residents, workers, and businesses last month, once again shattering the Baker administration’s expectations and putting the state’s coffers more than $1.5 billion ahead of where they were at the same time last year.

Revenue collections for March added up to a total of $3.061 billion — $402 million, or 15.1 percent, more than what was collected in March 2020 and $648 million or 26.8 percent more than what the Baker administration was expecting to collect last month.

Now nine months through fiscal year 2021, Massachusetts state government has collected $22.588 billion in taxes from people and businesses, which is $1.524 billion, or 7.2 percent, more than it did during the same nine mostly pre-pandemic months of fiscal year 2020. The last month Massachusetts saw a year-over-year decline in tax collections was September."

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"WHEN SEN. ADAM HINDS looks at the disproportionate toll COVID-19 has taken on poor people and communities of color in Massachusetts, he said, “It’s hard not to experience it as a massive policy failure.”

Hinds, a Pittsfield Democrat who now chairs a special Senate Committee on Reimagining Massachusetts Post-Pandemic Resiliency, said inequity will be a major focus of the committee as it has broad discussions on how to rebuild a stronger state in the wake of the COVID-19 emergency.

“It would be a dereliction of duty if we didn’t do everything in our power to correct the inequities that led to more death in certain communities,” Hinds said."
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