- 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.
- January 7 2014The Foundation released its 43rd annual report on municipal finances concluding that despite a modest rebound in revenues, municipalities find themselves in a long-term budget squeeze because the costs for pensions, employee and retiree health care, and debt service are rising faster than revenues.
- December 11 2013
Tax revenues will grow by $1.1 billion, or 4.7 percent, to $24.37 billion in fiscal 2015, 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.
“Despite an improving economic picture, the 2015 budget will challenge lawmakers once again,” Widmer said.