With revenue gains missing predictions, budget cuts possible

bGlobeBy Joshua Miller | The Boston Globe

State budget cuts from Governor Charlie Baker are probably coming soon to Massachusetts.

The Department of Revenue announced Tuesday that state revenue grew only one-half of 1 percent from August 2015 to August 2016 — a surprisingly tiny amount.

Overall, in July and August, the first two months of the state’s fiscal year, Massachusetts took in just 1.3 percent more than in the same period a year before. Policy makers crafted a state budget based on the expectation that revenue would grow just under 4 percent this fiscal year, which runs through June 2017.

Despite signs of a healthy economy, from strong employment to new construction, the weak revenue numbers could also be the earliest sign of an economic slowdown.

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