In The News

First month of FY17 ends in the black

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Aug 4 2016

By Matt Murphy, State House News Service / Sentinel and Enterprise

On the spending side, the Massachusetts Taxpayers Foundation on Wednesday estimated a $240 million gap in the new budget, largely due to spending veto overrides in late July.
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Overrides quickly punch hole in new state budget, analysis says

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Aug 3 2016

By Michael Norton, State House News Service / The Berkshire Eagle

Instead, with the funding restorations, MTF estimates a $240 million gap in the one-month-old $39.259 billion budget, which itself calls for the administration to hold back on $200 million in spending in order to create "reversions." "Only one month into the fiscal year, any estimates of a budget gap are very fluid and subject to change," MTF wrote in an analysis of budget vetoes Wednesday. "What is certain, however, is that another challenging fiscal year lies ahead and that extent of this year's spending overrides increases the likelihood of midyear budget cuts."
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Mass. sales tax collections fall for first time in 3 years

Jul 28 2016

By Jon Chesto, The Boston Globe

“There are certainly some signs that things are slowing down,” said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation. “The sales tax is the second-largest source of tax revenue for the Commonwealth. If it’s going down, we need to be paying careful attention to that.”
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Sen. Rodrigues backs ballot question adding more charter schools to state

Jul 17 2016

By Andy Metzger, State House News Service / Taunton Gazette

Great Schools has the backing of the Massachusetts Taxpayers Foundation, Democrats for Education Reform and the Massachusetts Fiscal Alliance, among others.
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Veto debate underscores differences on balanced state budget

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Jul 14 2016

By Andy Metzger, State House News Service / The Telegram

The Massachusetts Taxpayers Foundation on Thursday said fiscal 2017 state spending will rise 2.4 percent if Baker's requested spending for "known deficiencies" in the Legislature's budget is included in the calculation. The foundation said spending growth is "low compared to prior years, but necessary" since expectations of state revenues have been significantly revised. "The state is likely to continue to face fiscal challenges in FY 2017, but a crucial first step toward meeting those challenges has been the Legislature and Administration's work to reduce budget spending growth to less than assumed tax revenue growth. It would be a major setback if veto overrides undid much of this work," the foundation wrote in a budget bulletin.
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Senate proposes taxing Air Bnb to raise Earned Income Tax Credit in Massachusetts

Jul 12 2016

By Shira Schoenberg, MassLive

"Given all the fluctuation in tax revenues over the past several months, I think it makes sense to just hit the pause button and have a better understanding before we make any changes to the tax code," said Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation.
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Social Darwinism for the mentally ill

Jul 10 2016

By Dante Ramos, The Boston Globe

According to the business-funded Massachusetts Taxpayers Foundation, 54 percent of the state budget consisted of nondiscretionary items in fiscal 2008; in 2017, it’ll be about 61 percent. The cost of public employee pensions and debt service have risen. By far the biggest increase has been in MassHealth — a result of an entirely warranted effort to expand access to basic insurance coverage, but also of the state’s high health care costs overall.
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Is Hillary Clinton’s tuition plan doable?

Jul 10 2016

By Michael Levenson, The Boston Globe

“I’m not sure that this state is in a position to take on more of the costs of education through subsidies, or grants, or however the program is designed,” said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, a business-backed budget watchdog group. “It’s possible, but it’s speculative at this point.”
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Casinos emerge as surprising savior for struggling racetracks

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Jul 9 2016

By Sean Murphy, The Boston Globe

Eileen P. McAnney, president of the Massachusetts Taxpayers Foundation, said the state’s current budget woes call the fund into question. “It may be time to take another look at whether it makes sense to continue this funding,” she said.
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The Mass. fiscal clash that lies ahead

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Jul 8 2016

By Scot Lehigh, The Boston Globe

Further, the Massachusetts Taxpayers Foundation notes that revenue growth since the Great Recession hasn’t matched the bounce-back after the much milder recession of 2001. A back-of-envelope comparison: From fiscal year 2004 to 2008, state revenue grew by an average of 6.9 percent a year; by contrast, from FY 2012 to 2016, the average annual rate of increase was 4.3 percent. The difference equals about $650 million a year.
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