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May 07, 2019
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May 07, 2019
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On May 7, the Senate Committee on Ways and Means (SWM) unveiled their budget proposal for state fiscal year 2020, which begins July 1, 2019. The proposal, the first under new Chair Michael J. Rodrigues, authorizes $43.2 billion in spending in fiscal 2020.1 This policy brief highlights key elements…
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May 05, 2019
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May 05, 2019
Publication
Eileen McAnneny, the President of the Massachusetts Taxpayers Foundation (MTF), reacted today to the announcement of April tax revenue collections by the Massachusetts Department of Revenue (DOR). “Robust revenue collection is a good news story,” said McAnneny. “But given how volatile tax…
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May 05, 2019
News Item
May 05, 2019
News Item
Taxpayers Foundation President Eileen McAnneny said legislators should not spend the possible surplus on operating budget expenses, but rather save it toward the next “milestone” of $3 billion in reserves, or use it to pay down debt and pension liabilities and invest in one-time priorities like…
News Item
Apr 30, 2019
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Apr 30, 2019
Publication
Last summer, MGM Springfield opened its doors to the public and in doing so, opened the door to a new era of casino gaming in the Commonwealth of Massachusetts. The next milestone of this era is on track to come in June 2019 when Encore Boston Harbor opens for business. These new resort-style…
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Apr 30, 2019
News Item
Apr 30, 2019
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In a report published Wednesday, the Massachusetts Taxpayers Foundation said the state is "essentially on pace"to collect its anticipated $138 million in gaming revenue this fiscal year and can expect to collect $294 million in fiscal year 2020, which will begin about a week after Encore Boston…
News Item
Apr 19, 2019
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Apr 19, 2019
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But as the Taxpayers Foundation points out, there are also some trip wires out there — items perpetually underfunded. When Administration and Finance Secretary Mike Heffernan announced the governor was putting in $100 million for snow and ice removal, his staff cheered — because, of course, that…
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Apr 18, 2019
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Apr 18, 2019
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Massachusetts Taxpayers Foundation President Eileen McAnneny said lawmakers should be "very careful"in considering changes to the capital gains tax rate, warning of potential unintended consequences like discouraging people from investing or saving. McAnneny noted that money a person invests has…
News Item
Apr 17, 2019
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Apr 17, 2019
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According to the Massachusetts Taxpayers Foundation, the Ways and Means budget bumps higher education funding $55 million above this year's spending levels, with $40 million in additional support for UMass and $12 million for state universities and community colleges, "primarily associated with…
News Item
Apr 10, 2019
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Apr 10, 2019
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Thank you for this opportunity to testify today on S.16/H.86, the proposal to amend the Massachusetts Constitution to impose an additional surtax on annual income over $1 million. I am Eileen McAnneny, President of the Massachusetts Taxpayers Foundation. MTF’s mission is to provide accurate,…
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