Displaying 31–40 of 141
Oct 05, 2020
TRANSPORTATION
Aiello, the chair of the control board, said he was concerned about the high level of borrowing by the MBTA for capital projects, which shows up on the transit authority’s operating budget as debt service. “This is shooting up at a rate that is...
TRANSPORTATION
Oct 01, 2020
TRANSPORTATION
The Massachusetts Taxpayers Foundation has estimated the system will see a $308 million deficit. ...
TRANSPORTATION
Sep 30, 2020
PUBLIC FINANCE > Budget > FY 2020
Massachusetts Taxpayers Foundation President Eileen McAnneny said it’s “good news” the state won’t have to dip into the stabilization fund. ...
PUBLIC FINANCE > Budget > FY 2020
Sep 16, 2020
TRANSPORTATION
The second report suggests the authority’s success over the last few years in addressing long-standing maintenance and modernization needs may come to a halt in four years. The report describes an “impending chasm” between the billions of dollars...
TRANSPORTATION
Aug 20, 2020
PUBLIC FINANCE > Budget > FY 2021
As Bay State officials stare at a $6 billion structural deficit amid plummeting tax revenue, adding this program would be quite difficult, said Eileen McAnneny of the Massachusetts Taxpayers Foundation. “The state would be hard-pressed to find...
PUBLIC FINANCE > Budget > FY 2021
Aug 17, 2020
TRANSPORTATION
Taken together, the MBTA is staring down a staggering budget deficit in the fiscal year that starts next July, according to an analysis by the Massachusetts Taxpayers Foundation. That’s assuming fare revenue rebounds to 75 percent of its...
TRANSPORTATION
Aug 12, 2020
PUBLIC FINANCE > Budget > FY 2021
In May, the Massachusetts Taxpayers Foundation, a nonprofit think tank, said that state tax revenues in the current fiscal year were expected to be $6 billion less than anticipated. In July, the U.S. Department of Labor reported a...
PUBLIC FINANCE > Budget > FY 2021
Aug 11, 2020
PUBLIC FINANCE > Revenue
Withholding taxes – tax payments automatically deducted from paychecks and unemployment insurance benefits and paid directly to the government – were $80 million above year-ago levels. Baker said the regular unemployment insurance benefit plus the...
PUBLIC FINANCE > Revenue
Aug 10, 2020
PUBLIC FINANCE > Revenue
Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said the July numbers were perplexing. She said it was hard to understand how tax withholding – the amount withheld from worker paychecks and paid directly to the government in...
PUBLIC FINANCE > Revenue
Aug 10, 2020
PUBLIC FINANCE > Budget > FY 2021
In Massachusetts, which has the highest unemployment rate in the country at 17.4 percent, the pool of money that funds unemployment benefits has already gone into the red by more than $350 million, said Eileen McAnneny, president of the...
PUBLIC FINANCE > Budget > FY 2021