MTF In The News

Baker prepares for ACA repeal, but budgets for status quo

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Jan 27 2017

By Colin Young, State House News Service / The Daily News

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said the uncertainty around the ACA left the administration without many good options as it prepared its budget.
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Chicopee School officials call for budget freeze to save for next year

Jan 26 2017

By Jeanette DeForge, MassLive

In this year's state budget, Chapter 70 aid rose by more than $116 million, or 2.6 percent, and unrestricted aid by $42 million, or 4.3 percent, according to the Massachusetts Taxpayers Foundation, according to State House News Service.
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Baker Proposes $40 Billion Budget That Would Restore Parts Of Original Mass. Health Reform Law

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Jan 26 2017

By Steve Brown, WBUR

While applauding the move to restore money to the rainy day fund and the focus on health care costs, Eileen McAnneny of the Massachusetts Taxpayers Foundation is not so sure about charging businesses who don't cover their workers. "I think the governor rightfully pointed out the differences between the Massachusetts health care reform law and the ACA," she said.
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Taxpayer group: Lawmaker pay hike adds to challenges

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Jan 26 2017

By Andy Metzger, State House News Service / The Lowell Sun

While the Massachusetts Taxpayers Foundation's president on Tuesday expressed concern about the expense associated with the sweeping pay hike package, a former Republican governor said he would sign it were he in the governor's shoes.
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Baker budget proposal seeks to return to pre-ACA health care options

Jan 25 2017

By Lauren Dezenski, Politico

“I think returning to the Massachusetts model would certainly be helpful for the commonwealth,” said Eileen McAnneny, president of the right-leaning Massachusetts Taxpayers Foundation, adding, “I don’t envy the administration ... it is a particularly trying time in health care.”
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Gov. Charlie Baker defends proposed $2,000-per-worker health insurance fee

Jan 25 2017

By Shira Schoenberg, MassLive

Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation, said the focus on health care costs "is very necessary and long overdue." But McAnneny said she has reservations about the employer assessment. "Having a $300 million new assessment on employers is a big amount by any measure," McAnneny said.
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Attleboro area lawmakers balk at pay hike

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Jan 25 2017

By Jim Hand, The Chronicle

Prior to the vote, Eileen McAnneny, head of Massachusetts Taxpayers Foundation, said the state should offer salaries comparable to other states, with the cost of the raises offset by spending cuts. "It is vital that we don't further add to the deficit.
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Baker targets new revenue to help 'wrestle' budget into balance

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Jan 25 2017

By Katie Lannan, State House News Service / The Telegram

McAnneny praised Baker's "improvement to fiscal management," including a change in the way deposits are made to the stabilization Baker proposed the deposits be made in two phases, including a deposit of 50 percent of capital gains revenue in excess of roughly $1 billion during the budgetary process, and a deposit of 50 percent of excess tax revenue above benchmark at the end of the fiscal year.
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Mass. Gov. Charlie Baker voices opposition to broad-based tax increase

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Jan 24 2017

By Gintautas Dumcius, MassLive

"He outlined his list of accomplishments in trying to move the commonwealth forward by doing a lot of the grunt work of getting agencies to run better, streamline processes and all of that, so I think it was very much in line with how he governs," said Eileen McAnneny, head of the business-backed Massachusetts Taxpayers Foundation.
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Agency that spends $2b a year wants to cap payments to hospitals

Jan 24 2017

By Priyanka Dayal McCluskey, The Boston Globe

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation and a member of the GIC board, acknowledged she has some reservations about setting rates. But current efforts to control costs, including a 2012 state law, have not been enough, she said. “We are trying to think longer term,” she said.
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Baker's budget to add $91 million for schools, $40 million in local aid

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Jan 23 2017

By Michael Norton, State House News Service / The Berkshire Eagle

In this year's state budget, Chapter 70 aid rose by more than $116 million, or 2.6 percent, and unrestricted aid by $42 million, or 4.3 percent, according to the Massachusetts Taxpayers Foundation.
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Governor announces plan to boost aid for schools

Jan 20 2017

By Laura Crimaldi, The Boston Globe

This year’s state spending plan included more than $4.6 billion for public schools, a boost of more than $116 million or 2.6 percent, according to the Massachusetts Taxpayers Foundation. The aid is also known as Chapter 70 funds.
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Tough Reception For Baker In Bid To Control Health Care Costs

Jan 18 2017

By Martha Bebinger, WBUR

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said the grand bargain was to start by making sure virtually all residents had health insurance, and then "address affordability. And 11 years later, we haven’t really made any meaningful progress on the affordability front."
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Time to deliver on Baker's pledge of 1 percent for nature

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Jan 17 2017

By Jack Clark, The Lawrence Eagle Tribune

The Massachusetts Taxpayers Foundation has shown that the gap between projected revenue and spending to maintain current services is $800 million.
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States can offer a lesson as GOP proposes deep cut taxes

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Jan 17 2017

By Christina A. Cassidy, The Boston Globe

The Massachusetts Taxpayers Foundation projects the state faces an $800 million structural deficit for the fiscal year starting July 1. Key issues include lower tax collections and an unexpected surge in Medicaid enrollment.
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State summaries: Two-thirds of states face budget challenges

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Jan 16 2017

AP / WNCN

Republican Gov. Charlie Baker projected a nearly $300 million shortfall in the state’s current $39 billion budget, prompting the state to give buyouts to about 900 state workers and trim agency spending by $100 million. The nonpartisan Massachusetts Taxpayers Foundation projects the state faces an $800 million structural deficit for the fiscal year starting July 1.
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Sunday Notebook: Baker's Budget

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Jan 15 2017

Sentinel & Enterprise News

After multiple years of having to play catch up when revenues don't meet expectations, Massachusetts Taxpayers Foundation President Eileen McAnneny might have hit the nail on the head when she said "it remains to be seen if these budget assumptions are conservative enough." The MTF, which has had a pretty good track record in this arena, predicted a 2.65 percent tax revenue growth during a hearing
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Massachusetts officials see ‘modest’ tax revenue growth

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Jan 12 2017

AP / 22WWLP

The nonpartisan Massachusetts Taxpayers Foundation has called for a lower revenue growth estimate of 2.65 percent.
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Beacon Hill budget leaders agree on projected FY18 revenue growth

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Jan 12 2017

By Colin Young, State House News Service / WBJournal22WWLP

The Massachusetts Taxpayers Foundation on Thursday projected Massachusetts will face a structural deficit of more than $800 million in fiscal 2018. The business-backed budget watchdog group’s projection was the most conservative of those who offered testimony at December’s hearing – 2.65 percent revenue growth.
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What’s on Beacon Hill’s agenda?

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Jan 3 2017

By Joshua Miller, The Boston Globe

The new fiscal year, which begins in July will “highlight the continued mismatch between spending and revenues,” said Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation. She said the gap between projected revenue and spending just enough to maintain current services could approach $1 billion.
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Tiny Tax Break For Massachusetts Residents? Not This Year.

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Dec 26 2016

By Adam Frenier, New England Public Radio

The president of the Massachusetts Taxpayers Foundation, Eileen McAnneny, said the tax breaks approved 16 years ago are a long time in coming. She said the state counts too much on money from income tax. “A reduction can be costly and I think that’s one of the downsides to being so over-reliant on income tax,” McAnneny said.
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L'Italien blasts Baker for $100K cut for downtown planning

Dec 15 2016

The Andover Townsman

The net savings from Baker's cuts to earmarks totaled $53 million because of revenue loss associated with some cuts, according to a Massachusetts Taxpayers Foundation analysis.
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Hearing: State spending pivots on needs, affordability

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Dec 14 2016

By Colin Young, State House News Service / The Worcester Telegram

"Given that revenue growth that we're projecting for fiscal year 2018 are about 2.6 percent, so making sure that the capital budget doesn't grow at a higher rate than overall tax revenue growth I think is pretty important," Eileen McAnneny said.
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State panel will recommend $70 million increase in capital spending

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Dec 12 2016

By Colin Young, State House News Service / 22WWLP

At $2.64 billion, the fiscal 2017 debt service allocation is up $640 million — or 30 percent — over fiscal 2008, according to the Massachusetts Taxpayers Foundation
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Baker bites into earmarks with budget solve

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Dec 12 2016

By Andy Metzger, State House News Service / The Berkshire Eagle

The net savings from Baker's cuts to earmarks totaled $53 million because of revenue loss associated with some cuts, according to a Massachusetts Taxpayers Foundation analysis.
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Not So Fast, Charlie: Amid "Outrage," DeLeo Seeks To Restore Funds Cut By Baker

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Dec 7 2016

By Mike Deehan, WGBH

"There were some accounts that we knew weren't fully funded when the budget was passed, which is pretty routine, but then some programs like MassHealth have exceeded the cost expectations," McAnneny said. "So it's kind of a trifecta of things that have come together." The foundation, she said, sides with Baker that cuts now, not later, are the way to proceed.
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Baker’s cuts draw blowback from Legislature

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Dec 6 2016

By Joshua Miller, The Boston Globe

Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation, said this fiscal year has been particularly challenging. She cited a budget that did not fully account for known costs, such as funding for lawyers for indigent defendants; higher-than-expected costs for the Medicaid program; and lower-than-expected revenue growth.
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Experts see one consistency with state budget: slow revenue growth

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Dec 6 2016

By Colin Young, State House News Service / 22WWLP

The Massachusetts Taxpayers Foundation on Monday presented the Joint Ways and Means Committee with an estimate that state tax collections will grow by only 2.65 percent in fiscal 2018. Tax revenues will increase by about $687 million, to $26.64 billion, according to the foundation’s estimate.
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State tax revenues in fiscal 2018 will grow by less than 3 percent

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Dec 6 2016

By Michael Norton, State House News Service / The Lowell Sun

State tax revenues in the next budget cycle will grow by only 2.65 percent, according to the Massachusetts Taxpayers Foundation, marking another year of sluggish collections and again dampening the environment for major spending increases.

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Tax revenue forecasts all over map

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Dec 6 2016

By Bruce Mohl, CommonWealth Magazine

The Taxpayers Foundation, a business-backed fiscal watchdog, said there are no economic indicators suggesting tax revenues will grow faster in the future than they have in the last 11 months. “The foundation advises extreme caution over the next 18 months and urges lawmakers to exercise great restraint in building the budget,” said Eileen McAnneny, president of the foundation.
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Sluggish growth, Trump policies cause budget worries

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Dec 6 2016

By Christian Wade, The Lawrence Eagle Tribune

The Massachusetts Taxpayers Foundation, a nonpartisan fiscal watchdog group, released a report on Monday predicting more modest tax revenue growth of 2.65 percent or $26.6 billion in fiscal 2018.
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'Extreme caution' urged as state begins budget planning

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Dec 6 2016

By Bob Salsberg, AP / The Herald News

“The foundation advises extreme caution over the next 18 months and urges lawmakers to exercise great restraint in building the budget,” said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, a nonpartisan fiscal watchdog.
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Economists say uncertainty over Donald Trump, Brexit vote could affect Massachusetts budget

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Dec 6 2016

By Shira Schoenberg, MassLive

The Massachusetts Taxpayers Foundation predicted 2.65 percent growth, to $26.64 million -- slightly lower than Heffernan's predictions. Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, cited concerns over a shrinking workforce and aging population as well as insufficient reserves in the state rainy day fund.
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Lawmakers could tap emergency fund for pot regulation

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Nov 30 2016

By Joshua Miller, The Boston Globe

“If you don’t have a funding source — which they don’t — and you have a tight budget — which they do — the stabilization fund is really your only option,” she said.
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Funds have long followed students from Brockton to charter schools

Nov 6 2016

By Marc Larocque, The Enterprise

Slowey cited a study published recently by the Massachusetts Taxpayers Foundation. He said that since 2010, even as charter enrollment has increased, Brockton school spending has risen by 30 percent. Slowey said the Brockton school district now has more money to spend on each student – $11,630 in 2015 versus $10,094 per pupil in 2010.
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Baker: Why I'm voting yes on Question 2

Nov 6 2016

By Governor Charlie Baker, The Salem News

The notion that public charters take money from district schools has been disproven over and over again by organizations as diverse as the Massachusetts Taxpayers Foundation, the Brookings Institution, the Manhattan Institute and the Boston Foundation.
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Question 2: Who pays the costs?

Nov 5 2016

By Megan Moore, Charles Lyang and Alice Shen, The Lowell Sun

A study published by the Massachusetts Taxpayers Foundation says charter schools aren't draining money from district schools. The report, funded by The Boston Foundation, offers a macro view of the issue, noting that charter school students represent about 4 percent of the total state student population while accounting for about the same percentage in total statewide education spending.
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Charter-school measures a hot topic on Massachusetts’ ballot

Nov 5 2016

By Katharine Q. Seelye and Jess Bidgood, The Seattle Times / The New York Times

But supporters of expanding charter schools say the argument that they drain money from public schools is alarmist and misleading.
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Moody’s won’t elaborate on charter school caveat

Nov 3 2016

By David Scharfenberg, The Boston Globe

A recent Massachusetts Taxpayers Foundation study found that “per-student funding has increased quite steadily across the state” in traditional public schools, even as the charter sector has grown.
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Moody's: Charter school vote may weaken Lawrence's credit

Nov 3 2016

By Bob Salsberg, AP / The Lawrence Eagle Tribune

The Massachusetts Taxpayers Foundation, a nonpartisan fiscal research organization, recently reported that 3.9 percent of total education funding goes to charter schools, directly proportional to the 3.9 percent of public school students who attend charters.
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Charter school vote may hurt ratings, credit agency says

Nov 2 2016

By Frank Phillips and David Scharfenberg, The Boston Globe

Eileen O’Connor, a spokeswoman for the pro-charter “Yes on 2” campaign, said it would be irresponsible to comment on the Moody’s analysis before it was released.
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Editorial: Don’t blame charter schools

Nov 1 2016

The Recorder

However, according to a new study by the Massachusetts Taxpayers Foundation, that is not the case, as reported in the Sept. 30 Boston Globe. “Charter schools,” the report states, “like regional vocational schools and School Choice, are one of a number of public school options available to students within the state’s $12.67 billion school finance system.”
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Charters add value, save money for Lowell

Oct 31 2016

By Kathleen McCarthy, The Lowell Sun

Among other things, they claim charters siphon money from public education, forcing the district to operate at a deficit. The truth is, however, that charter schools do no such thing, a fact that has been shown in countless reports and studies, the most recent of which is the September Massachusetts Taxpayers Foundation report.
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Our view: Yes on charter schools, no on legalized marijuana

Oct 31 2016

Newburyport News

Supporters of traditional schools argue that districts lose funding to charters. But in a report released last month, the highly respected Massachusetts Taxpayers Foundation noted that charters receive about 4 percent of the roughly $12.7 billion the state spends on education — and educate about 4 percent of the state’s children.
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Buzzkill: Just vote no on Question 4

Oct 28 2016

By Shirley Leung, The Boston Globe

If that isn’t enough of a buzzkill for supporters of Question 4, then talk to Eileen McAnneny, president of the fiscal watchdog group Massachusetts Taxpayers Foundation. McAnneny’s group, along with the Greater Boston Chamber of Commerce, is opposing Question 4. I’ve never heard her so hopped up about an issue.
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Baker relents, for now, on unilateral budget cuts

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Oct 27 2016

By Matt Murphy, State House News Service / The Berkshire Eagle

"I think it's a little unusual. If there's been a downgrade to tax revenue there's usually accompanying 9c cuts, but I think some of it is the administration has been managing and reducing spending without 9cs, doing it informally in a sense," said Massachusetts Taxpayers Foundation President Eileen McAnneny.
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HINGHAM COMMENTARY: Public charter schools worthy of our support

Oct 26 2016

By Edna English, Wicked Local Hingham

But Charters do not drain public funding from traditional schools. Public charter schools represent just under 4 percent of the statewide student population, and 4 percent of state education funding follows them. Massachusetts Taxpayers Foundation has assessed Question #2 as fiscally benign.
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Editorial: Yes on Question 2

Oct 24 2016

The Boston Herald

Of the nearly $12.7 billion spent on public education in Massachusetts just under 4 percent goes to charters, the Massachusetts Taxpayers Foundation reported recently. That lines up with statewide enrollment in charter schools, which is just under 4 percent.
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What would a Trump administration mean for Mass.?

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Oct 17 2016

By Joshua Miller, The Boston Globe

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said Massachusetts’ reliance on federal government has grown over the past decade. In addition to providing money for health care and other key areas, she said, the federal government helps the state pay for its long-term investments, most notably in transportation.
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Charter schools are not ‘draining’ district budgets

Oct 10 2016

By Charles Chieppo, CommonWealth Magazine

AS THIS NOVEMBER’S ballot initiative on raising the cap on the number of charter public schools in Massachusetts draws closer, opponents find ever-more financial woes to blame on the schools. But a September Massachusetts Taxpayers Foundation study is just the latest to conclude that those accusations don’t pass muster.
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$187 million supplemental budget heads to the Governor

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Oct 4 2016

By Tiffany Chan and David McKay, 22WWLP

State budget writers are also dealing with an estimated $111 million spending gap. Eileen McAnneny, President of the Massachusetts Taxpayers Foundation, told 22News that the proposal also includes $91 million to help close that budget deficit.
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Mass. shortfalls may force new taxes, budget cuts

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Oct 2 2016

By Bob Salsberg, AP / Lawrence Eagle Tribune

The Massachusetts Taxpayers Foundation, a nonpartisan fiscal watchdog group, has recommended that revenue estimates be adjusted downward even if September collections are close to being on target.
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Editorial: Arithmetic on charters

Oct 2 2016

The Boston Herald

Now the Massachusetts Taxpayers Foundation is out with a report that it politely says “clarifies misconceptions” about charter school funding. Of the nearly $12.7 billion spent on public education in Massachusetts, the report notes, 3.9 percent is directed to charter schools mirroring the 3.9 percent of public school students who are enrolled in charters.
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Editorial: Charters aren’t draining district school funding

Sep 30 2016

The Boston Globe

But a detailed new report by the Massachusetts Taxpayers Foundation shows that the anti-charter argument just doesn’t pass muster. Summarizing its deep dive into public school funding, the foundation, widely regarded as an even-handed fiscal analyst, writes: “Examination of school funding trends in districts affected by charter school enrollments does not suggest that charter schools are over-funded, that students in district schools are suffering a loss of support, or that the per-student funding of districts is trending negatively. Rather, per-student funding has increased quite steadily across the state, and the district-charter balance has been stable.”

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Report: Charters Don't Hurt Massachusetts District Schools Financially

Sep 29 2016

NECN

The study released Wednesday by the nonpartisan Massachusetts Taxpayers Foundation appears to back up claims from supporters of a November ballot question that would allow a major expansion of charter schools. Proponents say passage of Question 2 would not financially harm conventional public schools as opponents have argued.
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Report: Charters don't hurt district schools financially

Sep 29 2016

AP / Bristol Herald Courier

The study released Wednesday by the nonpartisan Massachusetts Taxpayers Foundation appears to back up claims from supporters of a November ballot question that would allow a major expansion of charter schools. Proponents say passage of Question 2 would not financially harm conventional public schools as opponents have argued.
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Question 2 ‘misconception’

Sep 29 2016

By Kathleen McKiernan, The Boston Herald

The Massachusetts Taxpayers Foundation, taking aim at “misconceptions” about a controversial ballot measure, says charter schools are not siphoning dollars away from traditional public schools — challenging the pivotal argument of anti-charter foes and the teachers’ union.
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Focusing On Per-Pupil Spending, Report Says Charters Don't Hurt District Schools

Sep 28 2016

By Louise Kennedy, WBUR

Eileen McAnenny, the president of the Massachusetts Taxpayers Foundation, says the group's report shows that charter schools get about 4 percent of the education budget, and serve about 4 percent of the students. "It is proportional," she said.
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Charters haven’t been a drain on traditional schools, watchdog group finds

Sep 28 2016

By David Scharfenberg, The Boston Globe

“While people can disagree, certainly, on the educational merits of charter schools, the data doesn’t show that charter schools have taken funding away from traditional public school districts in any way that’s disproportionate to the charter school attendance,” said Eileen McAnneny, president of Massachusetts Taxpayers.
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State budget cuts loom in face of $575M deficit

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Sep 27 2016

By Christian Wade, Lawrence Eagle Tribune

"The magnitude of this shortfall is unprecedented," said Doug Howgate, the foundation's director of policy and research. "Not since the height of the Great Recession have collections over a five-month period slumped by so much, and never in the midst of an economic recovery."
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Legislature needs to close $575M budget gap

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Sep 26 2016

State House News Service / WBJournal

The Massachusetts Taxpayers Foundation this week estimated the final fiscal 2016 budget gap at $575 million, writing in a new bulletin, "The books have yet to be closed on fiscal year 2016 and so neither the final budget gap, nor the mix of solutions to address it are known." MTF identified trust fund sweeps and other efforts to grab one-time revenues as among the likely budget fixes.
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MBTA Leadership Eyes Collaboration With Boston On Night Bus

Sep 26 2016

By Michael Norton, State House News Service / WGBH News

Others at Monday's meeting, including Andrew Bagley from the Massachusetts Taxpayers Foundation, noted the T's far-from-finished efforts to close a multimillion-dollar structural deficit.
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The Codcast: State economy hot, but not tax revenues

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Sep 23 2016

CommonWealth Magazine

What’s going on? We explore that issue with Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, and Alan Clayton-Matthews, an associate professor at Northeastern University. Both of them conduct state revenue forecasts and work with state officials to develop a consensus forecast.
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Baker: September revenue performance holds key to mid-year budget adjustments

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Sep 12 2016

By Katie Lannan, State House News Service / WWLP

Lawmakers voted to override $231.6 million of Baker’s vetoes, leaving what the Massachusetts Taxpayers Foundation pegged as an early $240 million gap in the budget.
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Chairman: State should borrow more, with low interest rates

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Sep 9 2016

By Colin Young, State House News Service / Metrowest Daily News

"Theoretically, with low interest rates, sure it's a good time to borrow in a vacuum," Andrew Bagley, vice president for policy and research at MTF, told the News Service. "But we're up against the debt limit, we have an operating budget from which we just had to carve out $650 million in FY16, there are concerns about whether revenues will show up and we have debt service costs that go up every year." At $2.64 billion, the fiscal 2017 debt service allocation is up $640 million -- or 30 percent -- over fiscal 2008, according to MTF. "It's a hard time to argue that we really should be borrowing more, even though we sure do have enormous capital needs," Bagley said.

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State officials: August tax collections fall $42M under benchmark

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Sep 6 2016

By Matt Murphy, State House News Service / The Berkshire Eagle

On July 8, Baker issued $264 million in line item vetoes and signed a $38.92 billion fiscal 2017 budget that he said solved for the declining revenue projections, but the Legislature restored $231.6 million in spending through veto overrides votes, leaving what the Massachusetts Taxpayers Foundation pegged as an early $240 million gap in the budget.
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State revenue growth is slower than expected

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Sep 6 2016

By Joshua Miller, The Boston Globe

“These August numbers now reflect five consecutive months of softening revenue, indicating more of problematic trend than an aberration,” said Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation. She emphasized that many states are struggling with similar trends.
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The New Economy takes on Beacon Hill

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Aug 26 2016

By Jon Chesto, The Boston Globe

“Massachusetts prides itself in being the hub of innovation,” said Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation. “I think these new industries represent that economy. There’s probably an inclination to spend some time and attention on them.”
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Mass. budget gap has no easy fixes

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Aug 24 2016

By Josh Miller, The Boston Globe

And policy makers have, budget after budget, used quick fixes instead of making tough choices. They’ve diverted and drained billions meant for the state’s emergency savings account. They’ve put off until next year bills that were meant to be paid this year. They’ve used money meant for pensions and retiree health care to plug short-term budget holes.
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Final state budget shaved by almost $630 million from earlier projections

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Aug 17 2016

By Colin A. Young, State House News Service / Sentinel & Enterprise

On July 8, Baker issued $264 million in line item vetoes and signed a $38.92 billion fiscal 2017 budget that he said solved for the declining revenue projections, but the Legislature restored $231.6 million in spending through veto override votes leaving what the Massachusetts Taxpayers Foundation pegged as an early $240 million gap in the budget.
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Economists stumped by strong state economy, weak state revenues

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Aug 13 2016

By Gerry Tuoti, Arlington Wicked Local

A month into fiscal 2017, some economists are keeping an eye out for signs of a funding crisis like the one that hit Massachusetts this past spring. “We will monitor to see if some sort of trend is developing,” said Andy Bagley, vice president of policy and research for the nonprofit Massachusetts Taxpayers Foundation.

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Rep calls chaotic finish of legislative session 'typical Beacon Hill'

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Aug 12 2016

By Michael Norton, State House News Service / MetroWest Daily News

According to the Massachusetts Taxpayers Foundation, the Legislature over three sessions in late July reversed $231.6 million in spending vetoes and let about $35.5 million in spending reductions stand. The foundation estimates there's a $240 million gap in the new $39.259 billion budget.
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Elder-abuse bill's sponsor not hopeful

in

Aug 10 2016

By Katie Lannan, State House News Service / Sentinel & Enterprise

The reduction was among about 108 of Baker's vetoes not overridden by the Legislature. In a series of override votes taken over three weekend days at the end of last month, the Legislature reversed $231.6 million in spending vetoes and let about $35.5 million in spending reductions stand, according to the Massachusetts Taxpayers Foundation.
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State revenue skid ends with July tax haul beating benchmark

Aug 4 2016

State House News Service / WBJournal

On the spending side, the Massachusetts Taxpayers Foundation on Wednesday estimated a $240 million gap in the new budget, largely due to spending veto overrides in late July.
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First month of FY17 ends in the black

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Aug 4 2016

By Matt Murphy, State House News Service / Sentinel and Enterprise

On the spending side, the Massachusetts Taxpayers Foundation on Wednesday estimated a $240 million gap in the new budget, largely due to spending veto overrides in late July.
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Overrides quickly punch hole in new state budget, analysis says

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Aug 3 2016

By Michael Norton, State House News Service / The Berkshire Eagle

Instead, with the funding restorations, MTF estimates a $240 million gap in the one-month-old $39.259 billion budget, which itself calls for the administration to hold back on $200 million in spending in order to create "reversions." "Only one month into the fiscal year, any estimates of a budget gap are very fluid and subject to change," MTF wrote in an analysis of budget vetoes Wednesday.
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Mass. sales tax collections fall for first time in 3 years

Jul 28 2016

By Jon Chesto, The Boston Globe

“There are certainly some signs that things are slowing down,” said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation. “The sales tax is the second-largest source of tax revenue for the Commonwealth. If it’s going down, we need to be paying careful attention to that.”
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Sen. Rodrigues backs ballot question adding more charter schools to state

Jul 17 2016

By Andy Metzger, State House News Service / Taunton Gazette

Great Schools has the backing of the Massachusetts Taxpayers Foundation, Democrats for Education Reform and the Massachusetts Fiscal Alliance, among others.
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Veto debate underscores differences on balanced state budget

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Jul 14 2016

By Andy Metzger, State House News Service / The Telegram

The Massachusetts Taxpayers Foundation on Thursday said fiscal 2017 state spending will rise 2.4 percent if Baker's requested spending for "known deficiencies" in the Legislature's budget is included in the calculation. The foundation said spending growth is "low compared to prior years, but necessary" since expectations of state revenues have been significantly revised.
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Senate proposes taxing Air Bnb to raise Earned Income Tax Credit in Massachusetts

Jul 12 2016

By Shira Schoenberg, MassLive

"Given all the fluctuation in tax revenues over the past several months, I think it makes sense to just hit the pause button and have a better understanding before we make any changes to the tax code," said Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation.
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Social Darwinism for the mentally ill

Jul 10 2016

By Dante Ramos, The Boston Globe

According to the business-funded Massachusetts Taxpayers Foundation, 54 percent of the state budget consisted of nondiscretionary items in fiscal 2008; in 2017, it’ll be about 61 percent. The cost of public employee pensions and debt service have risen.
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Is Hillary Clinton’s tuition plan doable?

Jul 10 2016

By Michael Levenson, The Boston Globe

“I’m not sure that this state is in a position to take on more of the costs of education through subsidies, or grants, or however the program is designed,” said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, a business-backed budget watchdog group. “It’s possible, but it’s speculative at this point.”
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Casinos emerge as surprising savior for struggling racetracks

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Jul 9 2016

By Sean Murphy, The Boston Globe

Eileen P. McAnney, president of the Massachusetts Taxpayers Foundation, said the state’s current budget woes call the fund into question. “It may be time to take another look at whether it makes sense to continue this funding,” she said.
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The Mass. fiscal clash that lies ahead

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Jul 8 2016

By Scot Lehigh, The Boston Globe

Further, the Massachusetts Taxpayers Foundation notes that revenue growth since the Great Recession hasn’t matched the bounce-back after the much milder recession of 2001. A back-of-envelope comparison: From fiscal year 2004 to 2008, state revenue grew by an average of 6.9 percent a year; by contrast, from FY 2012 to 2016, the average annual rate of increase was 4.3 percent.
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Editorial: Bit of budget roulette

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Jul 5 2016

The Boston Herald

That approach risks leaving the state dangerously exposed. Indeed, the Massachusetts Taxpayers Foundation suggests the budget fixes “still leave the state in a precarious financial position.”
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THE SUNDAY NOTEBOOK

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Jul 3 2016

Sentinel & Enterprise

The Massachusetts Taxpayers Foundation, which has been pleading with lawmakers to move faster to bulk up the "rainy day" account before the next recession hits, said the budget deal would leave Massachusetts in a "precarious financial position," given that caseload projections were already "aggressively low" and family homelessness and indigent legal defense accounts were most likely underfunded b
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Senate sends budget to Baker

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Jul 1 2016

By Katie Lannan & Michael Norton, State House News Service / CommonWealth Magazine

According to the Massachusetts Taxpayers Foundation, the budget underfunds family homelessness and indigent legal defense accounts by more than $80 million. The bill carries further risks because it assumes about $173 million in savings based on recalculations of projected caseloads, including in MassHealth, from already “aggressively low” growth rates, MTF says.
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Massachusetts Budget Shortfall Could Reach $1 Billion

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Jun 28 2016

By Paul Tuthill, WAMC Public Radio

Fiscal watchdogs, including Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, have cautioned against raiding the rainy day fund when the state’s economy is not in recession. "Clearly there are signs there could be some slowdown. We want to heed those signs.
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Brexit vote delivers impact to Massachusetts budget, businesses

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Jun 24 2016

By Michael Norton, State House News Service / WCVB

"I think the UK's withdrawal from the European Union is sending shockwaves throughout the Massachusetts economy in ways that we can't even begin to realize," Massachusetts Taxpayers Foundation president Eileen McAnneny told the News Service Friday afternoon. "There are profound impacts on the budget.
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As market fears grow, worries over Mass. budget

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Jun 24 2016

By Joshua Miller, The Boston Globe

“The UK’s withdrawal from the EU may send shock waves through the Massachusetts economy in numerous ways that we can’t fully anticipate, with potentially profound effects on the Massachusetts budget, a scenario for which we are ill-prepared,” said Eileen McAnneny, who leads the Massachusetts Taxpayers Foundation.
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Can The Sales Tax 'Holiday' Survive Beacon Hill's Budget Shortfall?

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Jun 21 2016

WGBH

McAnney began by explaining the process that the state goes through to identify the amount of money available to spend. She explains, “they begin the budget process with a consensus revenue hearing; and really the purpose is to figure out the dollar amount that the state has to spend. They do that in January and so a lot has changed in those six months.
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State income tax cut at risk

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Jun 20 2016

By Michael Norton, State House News Service / The Berkshire Eagle

The foundation said fiscal 2016 tax revenues are likely to exceed fiscal 2015 tax revenues by just 2.6 percent. Looking ahead, lawmakers should downgrade their tax revenue growth projection for fiscal 2017 to 3.8 percent, which would reduce available revenues by $521 million, according to the MTF.
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T upgrade cost lowballed

Jun 17 2016

By Lauren Dezensk, Politico

“For the Massachusetts Bay Transportation Authority to keep its trains, buses, tracks, and other infrastructure in good working order, it likely needs to spend even more than the hundreds of millions of dollars per year it has estimated — largely because the T’s method of estimating that figure is inadequate, according to a report from the nonpartisan Massachusetts Taxpayers Foundation.”
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Report: MBTA will need more than $7 Billion to upgrade its system

Jun 17 2016

WHDH

A new report say the MBTA will probably have to spend more than the $7 Billion it estimated to upgrade its system. The Massachusetts taxpayers foundation says the T has failed to account for inflation.
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Baker says T has ‘significant climb’ ahead

Jun 17 2016

By Katie Lannan, State House News Service / CommonWealth Magazine

The taxpayers foundation on Thursday released a transportation-focused report that pegged “inferior” data quality in asset management systems, the inability to properly manage projects, and a lack of accountability on how money is spent as challenges to adequately addressing the capital needs of the transportation system.
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Green Line extension’s workforce could be a problem, report says

Jun 17 2016

By Boston.com, Adam Vaccaro

That plan was called out as a concern in a report released Thursday by the business-backed budget monitoring group, the Massachusetts Taxpayers Foundation.
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What's needed to fix the T? Better pay for managers, report finds

Jun 16 2016

By Greg Ryan, Boston Business Journal

“There are too few individuals upon whom success is dependent and until the T acquires more talent that can change the T’s work culture, successes will be fleeting,” the report said.
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Gov. Charlie Baker stresses repair, modernization at troubled MBTA

Jun 16 2016

By Shira Schoenberg, MassLive

"I don't expect to cut a lot of big ribbons over the course of the next few years, and I'm OK with that," Baker said, speaking in Boston at a summit on transportation organized by the Massachusetts Taxpayers Foundation.
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With clock ticking, Mass. legislators’ to-do list is long

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Jun 16 2016

By Jim O'Sullivan, The Boston Globe

“The give-and-take that normally characterizes the end of the session will be on steroids,” said Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation and a two-decade veteran of Beacon Hill.
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