In The News: FY 2016

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$187 million supplemental budget heads to the Governor

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Oct 4 2016

By Tiffany Chan and David McKay, 22WWLP

State budget writers are also dealing with an estimated $111 million spending gap. Eileen McAnneny, President of the Massachusetts Taxpayers Foundation, told 22News that the proposal also includes $91 million to help close that budget deficit. “We’ve seen revenues coming in below projections,” she said, “and what they’ve done to close out fiscal year ’16 does have impacts on the currently fiscal year.”
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Legislature needs to close $575M budget gap

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Sep 26 2016

State House News Service / WBJournal

The Massachusetts Taxpayers Foundation this week estimated the final fiscal 2016 budget gap at $575 million, writing in a new bulletin, "The books have yet to be closed on fiscal year 2016 and so neither the final budget gap, nor the mix of solutions to address it are known." MTF identified trust fund sweeps and other efforts to grab one-time revenues as among the likely budget fixes.
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Mass. faces $311 million shortfall

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Jun 3 2016

By Joshua Miller, The Boston Globe

Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation, emphasized there isn’t an easy fix. “Obviously, the fact that we have days left to the fiscal year and they are $311 million short means that addressing it is a Herculean task,” she said. “They have very few options at this point. Most of the state’s money has been spent.”
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After emergency cuts, Baker requests $170 mil in new spending

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Feb 15 2016

By Michael Norton, SHNS / Cape & Plymouth Business

Massachusetts Taxpayers Foundation President Eileen McAnneny said it's "tough" to accurately estimate all spending levels in a budget that's approaching $40 million, but acknowledged accounts are underfunded "as a matter of course" in the annual budget as part of the balancing challenge. "In order to balance the budget sometimes funds may be funded a little bit less than they need to be with the expectation that in the middle of the year there may need to be some corrections," she said.
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Editorial: Emergency spending cuts wise fiscal management

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Jan 12 2016

The Lawrence Eagle Tribune

But here's the thing that should make taxpayers think twice: The state is making emergency cuts even as it is taking in more tax revenue than expected. In essence, the state is making more money than it hoped for and it still can't pay the bills. According to the Massachusetts Taxpayers Foundation, the last time that happened was 2001.
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Mass. sees $50 million budget cut

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Jan 10 2016

State House News Service / The Metro

The Massachusetts Taxpayers Foundation noted the cuts announced Friday were the first emergency budget cuts since 2001 triggered by downgrade in non-tax revenues as tax revenues were actually being upgraded. "While today's plan addresses $104.9 million of the administration's estimated FY 2016 budget gap, fiscal challenges remain. Outstanding spending obligations in areas such as the Committee for Public Counsel Services, Emergency Assistance and MassHealth coupled with savings shortfalls from Retirement Program are among the exposures that present ongoing budget challenges," the group wrote in its analysis of the spending cuts.

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Governor Charlie Baker shaves $49m off budget

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Jan 9 2016

By David Scharfenberg, The Boston Globe

On Friday, Eileen McAnneny, president of the Taxpayers Foundation, praised the governor for his midyear cuts. “We applaud the Baker administration for taking this proactive approach to the budget gap,” she said. “Challenges remain, but without today’s action, the decisions in the months to come would be even harder.”
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Baker slashes $54M from this year’s budget to help close gap

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Jan 9 2016

By Matt Stout, The Boston Herald

But the Massachusetts Taxpayers Foundation, a business-backed watchdog, warned that even with the total $104.9 million budget-tightening plan, challenges remain, thanks in part to signs that Baker’s early retirement plan hasn’t reaped all the savings he’d hoped for. MTF also called the cuts “unique,” given tax revenues are actually exceeding expectations by $113 million. But roughly $205 million in the budget gap is tied to shortfalls in non-tax revenue, said Secretary of Administration and Finance Kristen Lepore, while another chunk comes from expenses such as private attorney costs, human service caseload “exposures” and settlement money.

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Gov. Charlie Baker cuts $50 million from state budget mid-year

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Jan 9 2016

By Shira Schoenberg, MassLive

Mid-year budget cuts are common, as projections of revenue and spending are tracked and revised throughout the year. According to the Massachusetts Taxpayers Foundation, which tracks government spending, there have been seven instances of mid-year budget cuts since fiscal year 2002. But, according to the foundation, this is the first time budget cuts have been made when tax revenues are actually coming in above projections. That indicates that the problem is attributable to non-tax revenues and higher than anticipated spending and not, for example, to an economic downturn leading to low tax payments.

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Baker slashes $50M in spending

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Jan 8 2016

By Matt Murphy, CommonWealth Magazine / State House News Service

The Massachusetts Taxpayers Foundation noted the cuts announced Friday were the first emergency budget cuts since 2001 triggered by downgrade in non-tax revenues as tax revenues were actually being upgraded.
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