Gov. Maura Healey doubled down on her tax relief proposal Friday afternoon, two days after the state reported a massive drop in April tax revenues.

Speaking to reporters inside the State House, Healey said tax relief is “not only affordable, but it’s essential.” The Democratic governor announced earlier this year a $742 million tax package that reduces the short-term capital gains tax from 12% to 5%, among other things.

But after the Department of Revenue reported tax collections came in $1.5 billion below projections, progressives have slammed Healey’s plan and another proposal from the House as benefiting the “ultra-wealthy.”

The administration put together their fiscal 2024 budget proposal and tax relief package “knowing that there was likely to be some drop in revenue,” Healey said Friday.

“We’ve seen a drop and I just want folks to know we’ve accounted for that,” Healey said. “And it remains the case that our tax relief package that we propose, we stand by. We think it’s really important, particularly for those who can’t afford the cost of living right now in the state and also for Massachusetts competitiveness.”

Administration and Finance Secretary Matthew Gerkowicz also said the administration’s tax relief package “remains affordable for the state.”

Raise Up Massachusetts, a progressive economic group, thinks otherwise.

“Now is not the time to be giving a permanent tax cut to the ultra-rich and large corporations,” spokesperson Andrew Farnitano previously told the Herald. “We need flexibility in the state budget, and we need to be prioritizing the investments that will support economic growth in the future, like childcare, housing, higher education, and transportation.”

Massachusetts Fiscal Alliance spokesman Paul Craney said it is encouraging to see Healey double down on her “modest” tax relief package.

“What I would encourage the governor and the speaker and the Senate president is, after looking at the revenue drop off, they should be more emboldened to cut these taxes entirely, eliminate them,” he said of the short-term capital gains and estate taxes.

Healey said the numbers for April were down because of a “dip in receipts from capital gains as well as pass through entities.”

“It’s not to say it’s not an insignificant number, but again, it’s accounted for in next year’s budget proposal and in the tax relief package, which is affordable and absolutely imperative,” she said.