- March 13 2015
The FY 2016 budget has been hampered by a large structural gap that is the result of $1.2 billion in one-time funds used in FY 2015 and $1.5 billion in spending growth for non-discretionary accounts. That $2.7 billion total shortfall is offset by tax revenue growth of $872 million, leaving a $1.8 billion deficit.
- March 11 2015
The MBTA’s fiscal and structural problems are so severe and pervasive that marginal reforms will no longer suffice. The MBTA has reached the end of its line and needs a comprehensive rescue plan before there is any discussion of new revenue.
(Governor) Baker said he found the MTF report "compelling." "It raised some really serious issues about not just the history of the T but also the future of the T, and I think anybody really interested in the future of that organization should read that report and recognize that it was done by an organization that has a lot of credibility," Baker said(Matt Murphy/SHNS).
- January 22 2015
Tax revenues will grow by $1.1 billion, or 4.5 percent, to $25.5 billion in fiscal 2016, continuing the trend of modest growth yet still below that of previous economic recoveries, according to a new forecast released today by the Massachusetts Taxpayers Foundation.
“It’s alarming that even with employment gains and a healthier economic climate, the state faces a monumental budget shortfall in fiscal 2015 and substantial challenges in 2016,” Bagley said.
- September 22 2014The Foundation’s latest report highlights that the soaring costs of retiree health care have consumed more than a quarter of the growth of property taxes in the state’s poorest communities since 2009. Addressing these huge unfunded liabilities must be a priority for the next Governor and Legislature.
- May 27 2014Michael J. Widmer, the long-time president of the Massachusetts Taxpayers Foundation who has played a central role in some of the most important policy debates and decisions of the past 25 years, announced today his intention to retire when the transition to a successor is complete.
- March 2 2014Rationale for Voting Against the Recommendation to Amend the Massachusetts Constitution to Implement a Graduated Income TaxRepresenting the Foundation on the Tax Fairness Commission, President Michael J. Widmer voted against the proposal to implement a graduated income tax in Massachusetts.