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  • This page, Exhibit IV: Calculation of Allowable State Tax Revenues for the Fiscal Year Ended June 30, 2022, is   offered by
  • Office of the State Auditor

Exhibit IV: Calculation of Allowable State Tax Revenues for the Fiscal Year Ended June 30, 2022

An overview of the information used to support the conclusions of this report.
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Overview

Allowable State Tax Revenues for the Fiscal Year Ended June 30, 2021*

$ 36,789,926,416

Allowable State Tax Growth Factor for the Fiscal Year Ended June 30, 2022

X          1.0565706

Allowable State Tax Revenues for the Fiscal Year Ended June 30, 2022

$ 38,871,154,627

*    As defined in Section 2 of Chapter 62F of the Massachusetts General Laws, “allowable state tax revenues” for a fiscal year means the following: beginning after June 30, 1986, an amount equal to the greater of the allowable state tax revenues for the immediately preceding fiscal year multiplied by the allowable state tax growth for the current year, or in any case no less than the allowable state tax revenues for the preceding fiscal year. Allowable state tax revenues as disclosed in our prior report (No. 2022-5555-3S) totaled $36,789,926,416.

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