Senate leader sees $5b revenue downturn

Estimate comes as revenues up 3.1% in early part of fiscal year

STATE HOUSE NEWS SERVICE DESPITE SIGNS that the state’s finances have not completely cratered during the pandemic, the Senate’s top budget official said this week he anticipates tax collections in fiscal 2021 to be down $5 billion from last year, and said lawmakers will need to dip “deeply” into the state’s $3.5 billion “rainy day”(...)

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