DOR projects range for FY25–26 revenue; assumes SALT cap extension while flagging surtax timing risks
The Department of Revenue told the Joint Committee on Ways and Means that FY25 non‑surtax revenue likely falls between $39.447 billion and $40.063 billion, with FY26 non‑surtax forecasted between $40.206 billion and $41.286 billion. Officials cautioned that capital‑gains volatility, potential federal tax changes and surtax timing complicate estimates.
The full story
The Department of Revenue told the Joint Committee on Ways and Means on the opening day of FY26 budget work that the commonwealth’s revenue outlook remains uncertain but measurable within a range.
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