Displaying 1–10 of 122
Oct 28, 2020
ECONOMY
The rise in the number of people suddenly seeking unemployment is expected to add to the per-employee cost of unemployment insurance. This insurance is paid by employers — at a rate that's already among the highest in the nation — and it could go up...
ECONOMY
Oct 22, 2020
PUBLIC FINANCE > Budget > FY 2021
According to the nonprofit Massachusetts Taxpayers Foundation (MTF), fiscal 2021 state revenues have already dropped an estimated $4 billion due to the economic impact of COVID-19, and hopes for a rapid recovery have faded. “The economic...
PUBLIC FINANCE > Budget > FY 2021
Oct 21, 2020
PUBLIC FINANCE > Budget > FY 2021
The Massachusetts Taxpayers Foundation said the Baker administration’s revenue estimate veered on the conservative end of projections made earlier this month, but noted fiscal 2022 could pose a bigger challenge. “The state will have to replace...
PUBLIC FINANCE > Budget > FY 2021
Oct 15, 2020
PUBLIC FINANCE > Budget > FY 2021
According to data from the Federal Reserve, cited by the Massachusetts Taxpayers Foundation in recent legislative testimony, the labor force in Massachusetts in August had 143,840 fewer workers than pre-pandemic, a decline of 3.9 percent. While the...
PUBLIC FINANCE > Budget > FY 2021
Oct 14, 2020
PUBLIC FINANCE > Budget > FY 2021
The Massachusetts Taxpayers Foundation warned that if Congress does not come through with additional relief, the state will be far from out of the woods in fiscal 2022 when school funding commitments, collective bargaining agreements and inflation...
PUBLIC FINANCE > Budget > FY 2021
Oct 08, 2020
PUBLIC FINANCE > Budget > FY 2021
The Massachusetts Taxpayers Foundation, a business-backed watchdog, is expecting a drop in revenue of $3.9 billion compared to initial estimates, according to its president, Eileen McAnneny. Others projected a more positive picture, though they...
PUBLIC FINANCE > Budget > FY 2021
Oct 08, 2020
PUBLIC FINANCE > Budget > FY 2021
Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, projected fiscal 2021 tax revenues will amount to $27.27 billion, about 3.9 billion - 12.5% less - than the commonwealth’s original benchmark set in January. It’s lower than the $6...
PUBLIC FINANCE > Budget > FY 2021
Oct 08, 2020
PUBLIC FINANCE > Budget > FY 2021
Overall, according to the Massachusetts Taxpayers Foundation, the federal government has given $15.8 billion in federal relief payments to Massachusetts individuals. Some of that money was taxable, like unemployment benefits. Other money, like...
PUBLIC FINANCE > Budget > FY 2021
Oct 08, 2020
PUBLIC FINANCE > Budget > FY 2021
Uncertainties with federal aid make it hard to pin down exactly how big the state’s budget hole is, Eileen McAnneny of the Massachusetts Taxpayers Foundation said. Should another federal relief package not materialize, McAnneny said “the revenue...
PUBLIC FINANCE > Budget > FY 2021
Oct 08, 2020
PUBLIC FINANCE > Budget > FY 2021
Massachusetts Taxpayers Foundation President Eileen McAnneny said she expected economic recovery to be “up-and-down and perhaps spotty” until the pandemic is controlled. She projected tax revenues would land at $27.27 billion this fiscal year, $3.9...
PUBLIC FINANCE > Budget > FY 2021