In The News: Budget

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Baker won’t commit to health care assessments

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Jul 10 2017

By Matt Murphy, State House News Service / Commonwealth Magazine

Led by groups like Associated Industries of Massachusetts, the Massachusetts Business Roundtable and the Massachusetts Taxpayers Foundation, the coalition called for the “rapid approval of the reform package in its entirety by the end of July.” “On its own, the employer assessment negatively impacts thousands of businesses around the state. That impact is only acceptable as one part of a broader package that begins to address underlying health care costs,” they wrote.
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Baker to raid trust funds to finalize last year’s budget

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Jul 8 2017

By Andy Metzger and Michael P. Norton, State House News Service / The Dedham Transcript

The Massachusetts Taxpayers Foundation in June predicted that trust fund balances might be eyed to plug holes in the state budget. “About $200 million in trust fund sweeps were used to closeout FY 2016 and will likely be part of the approach to end FY 2017 in balance; however, because trust revenues have been relied upon so heavily in recent years it means that fewer are available for use in FY 2018,” the foundation reported.
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State budget includes new fees on businesses to help the state pay for health care costs

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Jul 7 2017

By Priyanka Dayal McCluskey, The Boston Globe

“When the administration was seeking support for their package, they made it clear to the employer community that they would accept this as a package only,” said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation.
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Massachusetts Still Without Budget 5 Days Into Fiscal Year

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Jul 5 2017

NECN

The Massachusetts Taxpayers Foundation says the fiscal 2018 shortfall could go as high as $1 billion.
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As new fiscal year arrives, lawmakers face shortfall

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Jul 2 2017

Sentinel and Enterprise

But that's only part of the problem. Tax revenues have risen only about 1.2 percent during the previous 12 months, making the 3.9 percent increase forecast for the next 12 months, "very optimistic and I would say unrealistic," said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation.
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Editorial: Baker shows way on health reform

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Jun 21 2017

The Boston Herald

The Baker administration has thrown the Legislature — and the taxpayers — a lifeline when it comes to dealing with rising Medicaid costs — which account for nearly 40 percent of the state budget. Lawmakers should grab it.
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Baker Medicaid plan raises employer burden

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Jun 21 2017

By Matt Murphy, State House News Service / The Lowell Sun

Officials with many of the major business groups and some health plans, including the Retailers Association of Massachusetts, the Mass High Tech Council, Fallon Health, Boston Medical Center and the Massachusetts Taxpayers Foundation are backing the reform package.
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Economists say a $1b state budget cut may be needed

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Jun 7 2017

By Joshua Miller, The Boston Globe

Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation, predicted legislators will have to slice between $750 million and $1 billion from their $40.3 billion budget. That won’t all be in program cuts, she said, but it won’t be painless. “Eight years into an economic recovery, we have seen state tax revenue slow down considerably. And it looks like more than a blip,” she said. “So we have to adjust the budget accordingly, and make sure spending aligns with revenues.”
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Behind closed doors, Legislative leaders hammer out state budget

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Jun 5 2017

By Colin Young, State House News Service / The Lowell Sun

The Massachusetts Taxpayers Foundation says a "substantial downgrade to (FY18) revenue is likely, and if it occurs, will require major spending reductions" in the final budget. "The similarities between the two budgets in terms of approach to spending and revenue usually make it easier to resolve fiscal issues quickly, but once again Conferees will be faced with the task of reevaluating basic tax revenue assumptions," MTF wrote in its analysis.
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Is Massachusetts Heading For A Budget Crisis?

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May 30 2017

By Mike Deehan, WGBH

"It really is the equivalent of the state looking under the couch cushions for any revenue that it can find in various accounts where there's a balance and sweeping that money to make up the deficit," Massachusetts Taxpayers Foundation President Eileen McAnneny said, adding that fixing a budget gap at the end of the fiscal year will be hard because much of the state's money has always been spent.
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