October 07, 2020
PUBLIC FINANCE > Budget > FY 2021

Testimony of Eileen McAnneny regarding MTF’s Revised FY2021 Revenue Forecast

Secretary Heffernan, Chairman Rodrigues, Chairman Michlewitz, members of the Ways and Means Committee and members of the general public, good morning.

I am Eileen McAnneny, President of the Massachusetts Taxpayers Foundation and I appreciate the opportunity to provide MTF’s revised revenue forecast for FY2021.  MTF is a non-partisan research organization whose mission is to provide accurate, unbiased research with balanced, thoughtful recommendations that strengthen the state's finances and economy in order to foster the long-term well-being of the Commonwealth and economic opportunity for all.

Many things have changed since the last Roundtable took place in April; I am pleased to report that principal among them is the size of the tax revenue shortfall.