Displaying 11–20 of 413
Oct 07, 2020
PUBLIC FINANCE > Budget > FY 2021
MTF’s President Eileen McAnneny said, “while our revised tax revenue forecast has improved since  MTF’s April projection, the improvement is due largely to unprecedented levels of federal financial assistance.  Numerous headwinds could slow...
PUBLIC FINANCE > Budget > FY 2021
Sep 15, 2020
TRANSPORTATION
This report, which examines the MBTA’s sources and planned uses of capital funding, finds “an impending chasm” between the costs to maintain and modernize the Authority’s existing infrastructure and available sources to pay for these investments. At...
TRANSPORTATION
Aug 27, 2020
PUBLIC FINANCE > Taxes > Income Tax
The intent of the emergency regulation, this proposed regulation and the related Technical Information Release is to maintain the tax treatment of income received by employees who previously worked in Massachusetts, but due to pandemic-caused...
PUBLIC FINANCE > Taxes > Income Tax
Jun 30, 2020
PUBLIC FINANCE > Budget > FY 2021
On Friday, June 19, Governor Baker filed H. 4806 a one month, $5.25 billion spending authorization to keep the government operational through July 31 that the legislature has since enacted. In this interim budget, the guidance indicates that for each...
PUBLIC FINANCE > Budget > FY 2021
Jun 15, 2020
TRANSPORTATION
Driven by operating costs that were already growing and the pandemic’s deep impacts on revenues, a Massachusetts Bay Transit Authority (hereinafter the MBTA or the T) operating budget that was in balance in FY 19 is now moving backward toward a...
TRANSPORTATION
May 28, 2020
PUBLIC FINANCE > Budget > FY 2021
MTF recently downgraded its FY 2021 tax revenue forecast to a loss of $6 billion, representing a nearly 20 percent decline from the $31.15 billion consensus benchmark. At 20 percent, the revised forecast places Massachusetts towards the...
PUBLIC FINANCE > Budget > FY 2021
May 15, 2020
PUBLIC FINANCE > Budget > FY 2021
FY 2021 tax revenues are projected to fall by $6 billion or 19.3 percent from the January 2020 benchmark. Massive layoffs push the unemployment rate to nearly 22 percent in Q4 FY 2020, causing withholding taxes to decline by $1.9 billion. Shutting...
PUBLIC FINANCE > Budget > FY 2021
May 05, 2020
On April 28, Governor Baker announced the formation of a 19-member Advisory Board to determine the best ways to open the economy. Chaired by Lt. Governor Polito and Secretary of Housing and Economic Development Michael Kennealy, along with...
May 01, 2020
PUBLIC FINANCE > Budget > FY 2021
In a letter to Senate Ways and Means Chairmen Michael Rodrigues, Aaron Michlewitz and Administration and Finance Secretary Michael Heffernan, the chief fiscal 2021 budget planners, MTF President Eileen McAnneny outlined the array of options available...
PUBLIC FINANCE > Budget > FY 2021
Apr 21, 2020
PUBLIC FINANCE > Municipal
MTF has released the 49th Edition of the Municipal Financial Data pamphlet, an annual publication that summarizes key financial issues for the 351 cities and towns in Massachusetts for fiscal 2019 including an overview of major revenue and spending...
PUBLIC FINANCE > Municipal