1. Open Classroom Policy Advice to the Governor Week 2 The Fiscal Picture of Massachusetts: The Economic Environment Alan Clayton-Matthews September 15, 2010

2. The Massachusetts economy is growing faster than that of the U.S.

3. Massachusetts has been generating jobs at a spectacular pace.

4. Worldwide technology markets have had explosive growth.

5. Metro areas outside of Boston are still in recession.

6. State tax revenues are recovering…

7. and will exceed their former peak by FY 2013 …

8. but a huge structural budget gap will remain.