Tax Revenue Forecasting (in Thousands)
|Total Taxes Per Enacted Budget||20,615||22,011||22,797||24,387||25,611||26,231|
|Actual Budgeted Operating Tax Revenues||21,115||22,123||23,370||24,932||25,425||NA|
|Actual Revenues as a Pct. of Consensus Forecast||103.0||101.0||105.0||102.0||99.8||NA|
|Actual Revenues as a Pct. of Total Taxes Per Enacted Budget||102.0||101.0||103.0||102.0||98.7||NA|
|Actual Revenues as a Pct. of Consensus Forecast||103.0||101.0||105.0||102.0||NA|
|Actual Revenues as a Pct. of Total Taxes Per Enacted Budget||102.0||101.0||103.0||102.0||NA|
Source: Executive Office for Administration and Finance; Office of the Comptroller
* Table from page A-17 of the MA Information Statement dated November 1, 2016.
1.) Actual revenues through fiscal 2016 include tax-related settlements exceeding $10 million each. Consensus forecasts for fiscal 2015 through 2017 do not include estimates for tax-related settlements and judgments exceeding $10 millon each.
2.) October FY2013 total revised on December 4, 2012.
3.) Consensus forecast adjusted for subsequent developments during fiscal 2016, other than tax-related settlements exceeding $10 million each. See "Fiscal 2016 and Fiscal 2017 Tax Revenues; Fiscal 2016."
4.) Enacted budget for fiscal 2017, adjusted for veto overrides, assumes total taxes before transfers of $26.231 billion, after resolving discrepancies between documents produced by the budget conference committee. This figure does not include $125 million in assumed tax-related settlements exceeding $10 million.
5.) Fiscal 2017 figures are projected.
|Published by MA - Debt Management.|
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