This post at Blue Mass Group says the 9C cuts are due to be announced today and looks at the Tax Expenditure Budget. This oddly named budget details the items which are exempt from taxes in our Commonwealth. The Commonwealth website gives this description,
most state tax codes incorporate a number of exemptions, deductions, credits, and deferrals designed to encourage certain taxpayer activities or to limit the tax burden on certain types of individuals or endeavors. Known as "tax expenditures", these provisions can have a significant impact on state tax revenues.
The amount of potential revenue in the Tax Expenditure Budget ...
... is about $18 billion. A close look at the purpose and need for each item is certainly warranted in this fiscal environment.
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