“The state has not been setting aside sufficient amount of money to make sure that the system can function as needed in downturns, and that needs to be addressed,” said Evan Horowitz
A new report from a Tufts University think tank suggests that now “may not be an optimal moment” to raise unemployment tax rates, but says that a repeated pattern of rate freezes is a “recipe for long-term insolvency and future debt.”
The most optimistic forecast for 2022 also came at the end of the hearing from Evan Horowitz, director of the Center for State Policy Analysis at Tufts University.
“Month after month, state tax revenues seem to defy economic logic,” said Evan Horowitz, executive director of the Center for State Policy Analysis at Tufts University.