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Brexit vote delivering impacts for Massachusetts budget, businesses

Brexit vote delivering impacts for Massachusetts budget, businesses

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STATE HOUSE — Great Britain's vote to break free from the European Union sent ripples through the world's financial markets Friday, adding to the global concerns being watched by those with a stake in the Massachusetts economy, including state government leaders. Overly optimistic estimates of investment-related capital gains taxes have been blamed for a shortfall in tax revenues to support $39.5 billion fiscal 2017 state budget bills, and legislative leaders are struggling to assemble a spendi

STATE HOUSE — Great Britain's vote to break free from the European Union sent ripples through the world's financial markets Friday, adding to the global concerns being watched by those with a stake in the Massachusetts economy, including state government leaders. Overly optimistic estimates of investment-related capital gains taxes have been blamed for a shortfall in tax revenues to support $39.5 billion fiscal 2017 state budget bills, and legislative leaders are struggling to assemble a spendi…