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.
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.
Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation, emphasized there isn’t an easy fix. “Obviously, the fact that we have days left to the fiscal year and they are $311 million short means that addressing it is a Herculean task,” she said. “They have very few options at this point. Most of the state’s money has been spent.”