Displaying 81–90 of 141
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
May 06, 2020
PUBLIC FINANCE > Budget > FY 2021
"It seems highly likely that the fiscal 2021 budget will be most difficult in recent memory," Massachusetts Taxpayers Foundation President Eileen McAnneny wrote in a letter to Ways and Means Chairmen Sen. Michael Rodrigues and Aaron...
PUBLIC FINANCE > Budget > FY 2021
May 06, 2020
PUBLIC FINANCE > Budget > FY 2021
The Massachusetts Taxpayers Foundation, an influential think tank in Boston, disagreed that borrowing would be the best way to fill the shortfall. The group wants the governor to revise down his $44.6 billion budget proposal filed in January, and to...
PUBLIC FINANCE > Budget > FY 2021
May 06, 2020
PUBLIC FINANCE > Budget > FY 2021
"The coronavirus pandemic has disrupted seemingly everything about our normal routines, and the state’s budget process on Beacon Hill is no exception. Three of the unique challenges facing lawmakers warrant mentioning," says MTF president Eileen...
PUBLIC FINANCE > Budget > FY 2021
May 02, 2020
PUBLIC FINANCE > Taxes
The Massachusetts Taxpayers Foundation predicts the state will see a $4.4 billion drop in tax revenues in the fiscal year that begins July 1, a figure that could grow depending on how long people are out of work. Eileen McAnneny, the group's...
PUBLIC FINANCE > Taxes
Apr 30, 2020
PUBLIC FINANCE > Municipal
To calculate several other expected revenues, the town is anticipating a 14.1 percent drop from previous predictions. This thinking, Mayo said, was influenced by the Massachusetts Taxpayers Foundation, which is predicting the state will see a 14.1...
PUBLIC FINANCE > Municipal
Apr 29, 2020
PUBLIC FINANCE > Budget > FY 2021
McAnneny, of the business-backed taxpayers foundation, says the CARES Act is "insufficient to mitigate the economic impacts of the pandemic." In her testimony earlier this month, McAnneny highlighted the role that federal funds can play by pointing...
PUBLIC FINANCE > Budget > FY 2021
Apr 28, 2020
ECONOMY
The Massachusetts Taxpayers Foundation, a budget watchdog group backed by businesses, estimated the state’s revenue for the next fiscal year could drop $3.9 billion, or 15 percent, below past projections. New York said revenues could fall by as much...
ECONOMY