Displaying 11–20 of 78
May 23, 2020
ECONOMY
Even then, the Massachusetts Taxpayers Foundation projected the state’s tax collections in fiscal year 2021 could fall $6 billion short of earlier estimates. ...
ECONOMY
May 21, 2020
PUBLIC FINANCE > Budget > FY 2021
But defeat of the override will seem like a spring shower compared to the hurricane-sized threat posed by a potential COVID-caused loss of $800,000 to $1 million in state aid. A report released Monday, May 18, by the Massachusetts Taxpayers...
PUBLIC FINANCE > Budget > FY 2021
May 21, 2020
PUBLIC FINANCE > Budget > FY 2021
Last week, the Massachusetts Taxpayers Foundation estimated that state tax revenues will fall by $6 billion, or nearly 20 percent, in the next fiscal year, from the revenue outlook that state leaders established in January. DeLeo conceded that the...
PUBLIC FINANCE > Budget > FY 2021
May 21, 2020
PUBLIC FINANCE > Budget > FY 2021
The Massachusetts Taxpayers Foundation, a state watchdog group, issued a revised report this week projecting the state could collect $6 billion less in tax revenues in fiscal 2021 because of the coronavirus pandemic. MTF President Eileen McAnneny...
PUBLIC FINANCE > Budget > FY 2021
May 19, 2020
PUBLIC FINANCE > Budget > FY 2021
A Beacon Hill watchdog projects the state is facing a $6 billion revenue shortfall in the fiscal year that starts July 1. The report from the Massachusetts Taxpayers Foundation said Massachusetts will need to find new revenue, or drastically cut...
PUBLIC FINANCE > Budget > FY 2021
May 18, 2020
ECONOMY
McAnneny now expects the shutdown to raise the state unemployment rate to 22 percent by the end of June. She projects that 323,000 jobs will be recovered by June 2021, but employment is unlikely to return to pre-pandemic levels before 2024. That will...
ECONOMY
May 18, 2020
ECONOMY
McAnneny said the foundation’s analysis was completed before Gov. Charlie Baker released his plan for the state’s reopening on Monday. She said the foundation’s analysis assumes that economic activity will resume this summer, but it will be slow and...
ECONOMY
May 18, 2020
PUBLIC FINANCE > Budget > FY 2021
“More current data indicate that the economy is unlikely to ramp up quickly and the job loss will be far greater than originally expected. As the size, scope, and duration of this public health crisis grow, we have revised our forecast to reflect the...
PUBLIC FINANCE > Budget > FY 2021
May 11, 2020
PUBLIC FINANCE > Municipal
A recent report (April 14) from the Massachusetts Taxpayers Foundation (MTF) assesses the state’s fiscal condition. MTF forecasts that because of the shutdown of most businesses, the Commonwealth will collect $4-$6 billion, or at least 14.1 percent...
PUBLIC FINANCE > Municipal
May 08, 2020
PUBLIC FINANCE > Budget > FY 2021
In a letter to Senate Ways and Means Chairmen Michael Rodrigues, Aaron Michlewitz and Administration and Finance Secretary Michael Heffernan, the chief fiscal 2021 budget planners, Massachusetts Taxpayers Foundation President Eileen McAnneny offered...
PUBLIC FINANCE > Budget > FY 2021