Displaying 1–10 of 97
Jul 22, 2020
TRANSPORTATION
Aiello declined to comment on any discussions he had with Gov. Charlie Baker, but it’s likely the governor wanted to avoid a disruption in oversight of the agency at a very uncertain time. The MBTA balanced its fiscal 2021 budget using federal COVID...
TRANSPORTATION
Jul 11, 2020
TRANSPORTATION
The blow the coronavirus delivered to the MBTA may have long lasting financial impacts. By fiscal year 2022, the MBTA could have an operating budget deficit of more than $400 million, according to a new analysis released by the Massachusetts...
TRANSPORTATION
Jul 01, 2020
PUBLIC FINANCE > Budget > FY 2021
Any sort of budget debate without knowing the level of help from the federal government would be only a hypothetical exercise, said Eileen McAnneny, president of the taxpayers foundation. And Brooke Thomson, head of government affairs at Associated...
PUBLIC FINANCE > Budget > FY 2021
Jun 30, 2020
PUBLIC FINANCE > Budget > FY 2021
“These lower appropriation levels address the need for continuing government operations while adjusting for lower tax revenue collections, but even this reduced spending could prove to be overly optimistic should federal assistance levels fall short,...
PUBLIC FINANCE > Budget > FY 2021
Jun 25, 2020
PUBLIC FINANCE > Budget > FY 2021
Unlike Congress, state lawmakers need to pass a balanced budget every year. Money is tight, to say the least: The Massachusetts Taxpayers Foundation recently estimated that state tax revenue in the next fiscal year will drop by $6 billion,...
PUBLIC FINANCE > Budget > FY 2021
Jun 22, 2020
PUBLIC FINANCE > Budget > FY 2021
In its updated economic outlook released in late May, the Massachusetts Taxpayers Foundation, a leading Beacon Hill watchdog organization, already predicted the state could face a roughly $6 billion budget shortfall this year. ...
PUBLIC FINANCE > Budget > FY 2021
Jun 22, 2020
PUBLIC FINANCE > Budget > FY 2021
MTF projected before the pandemic hit that the state faced a revenue shortfall of up to $800 million this fiscal year. Even then, the Beacon Hill watchdog group suggested putting off the phase-in of the Student Opportunity Act or hold off spending in...
PUBLIC FINANCE > Budget > FY 2021
Jun 22, 2020
TRANSPORTATION
The Massachusetts Taxpayers Foundation in a recent report also praised the work of the control board, but pointedly said the impact of COVID-19 has put the T in a worse financial position today than when it was formed in 2015 in the wake of a...
TRANSPORTATION
Jun 22, 2020
PUBLIC FINANCE > Budget > FY 2021
“Prior to COVID-19, education finance reform was on track to be the centerpiece of the fiscal 2021 budget,” MTF President Eileen McAnneny wrote in a letter to lawmakers. She added, “After the fiscal impact of COVID-19, however, policymakers may need...
PUBLIC FINANCE > Budget > FY 2021
Jun 19, 2020
PUBLIC FINANCE > Budget > FY 2021
The Massachusetts Taxpayers Foundation predicts a $6 billion drop in tax revenues for the state due in part to mandated business closures during the pandemic. ...
PUBLIC FINANCE > Budget > FY 2021