Displaying 61–70 of 108
Apr 16, 2020
PUBLIC FINANCE > Budget > FY 2021
The Massachusetts Taxpayers Foundation projected a revenue decline of $4 billion for the state's fiscal year 2021 budget. A Senate working group that had been studying tax code changes indicated it will struggle to make recommendations while the...
PUBLIC FINANCE > Budget > FY 2021
Apr 16, 2020
ECONOMY
Boston Globe business columnist Shirley Leung told Boston Public Radio on Thursday economic forecasts from Moody's Analytics and the Massachusetts Taxpayers Foundation put the state's economic reopening into July. According to a recent report issued...
ECONOMY
Apr 16, 2020
ECONOMY
Andrew Bagley with the Massachusetts Taxpayers Foundation says the organization predicts an ultimate 18% unemployment rate in the Bay State. Bagley says the expected V-shaped recovery now looks more like a W with damage from the virus — like job...
ECONOMY
Apr 16, 2020
PUBLIC FINANCE > Budget > FY 2021
Massachusetts budget watchers are predicting a steep drop in revenue in the face of the coronavirus economic shutdown. Democratic House Ways and Means Chairman Aaron Michlewitz said the House typically holds its budget debate in April, a timeline he...
PUBLIC FINANCE > Budget > FY 2021
Apr 15, 2020
PUBLIC FINANCE > Taxes > Sales Tax
The Massachusetts Taxpayers Foundation estimated sales tax revenues will drop $1.5 billion due to closures in public life and loss of personal income as a result of widespread layoffs and furloughs. ...
PUBLIC FINANCE > Taxes > Sales Tax
Apr 15, 2020
PUBLIC FINANCE > Budget > FY 2021
Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, predicted the state budget to be hobbled by a $4.4 billion drop in tax revenues in the fiscal year that begins July 1, and even that could change depending on how long it takes to...
PUBLIC FINANCE > Budget > FY 2021
Apr 14, 2020
PUBLIC FINANCE > Budget > FY 2021
One of the panelists, the Massachusetts Taxpayers Foundation, projected that tax collections in fiscal 2021 will drop by $4.4 billion, or 14.1 percent below the benchmark that top budget officials agreed to back in January. The report from the...
PUBLIC FINANCE > Budget > FY 2021
Apr 14, 2020
PUBLIC FINANCE > Budget > FY 2021
Tax revenue gains that lawmakers had hoped to use on education and transportation this year have been decimated as the economy has ground to a halt because of COVID-19. Revenues are now projected to fall by $4.4 billion — or 14.1 percent — below the...
PUBLIC FINANCE > Budget > FY 2021
Apr 14, 2020
PUBLIC FINANCE > Budget > FY 2021
Tax collections that lawmakers had hoped would propel big investments in education and transportation this year are now projected to fall by $4.4 billion, or 14.1 percent below the benchmark that top budget officials agreed to back in January,...
PUBLIC FINANCE > Budget > FY 2021
Apr 14, 2020
PUBLIC FINANCE > Budget > FY 2021
Massachusetts Taxpayers Foundation President Eileen McAnneny said unemployment in the second quarter of 2020 could push toward 18 percent, with 570,000 jobs lost and a $4.4 billion, or 14.1%, decline in projected revenue for the next fiscal year....
PUBLIC FINANCE > Budget > FY 2021