Displaying 1–10 of 78
Jun 04, 2020
PUBLIC FINANCE > Taxes
Budget watchdogs are warning of more pain to come. The Massachusetts Taxpayers Foundation, in a report released last week, projected it could take five years for revenues to exceed prepandemic levels, and that the state could be looking at revenue...
PUBLIC FINANCE > Taxes
Jun 03, 2020
PUBLIC FINANCE > Budget > FY 2021
As Congress bickers over the size and scope of the next federal relief package, the Massachusetts Taxpayers Foundation warned this week that the pillars of the state’s economy – health care, higher education, tourism – could be so fundamentally...
PUBLIC FINANCE > Budget > FY 2021
May 31, 2020
PUBLIC FINANCE > Budget > FY 2021
Hopes for an expedited economic rebound from the COVID-19 shutdown simply isn’t realistic, according to the Massachusetts Taxpayers Foundation, which predicts a prolonged recovery period that will strain state resources, which may not fully recover...
PUBLIC FINANCE > Budget > FY 2021
May 30, 2020
PUBLIC FINANCE > Budget > FY 2021
“If you’re selling that many fewer meals, it means you may have less profit, you pay less taxes, and so it goes,” Eileen McAnneny, president of the Massachusetts Taxpayers Foundation said. Back in April, the foundation forecasted a V-shaped...
PUBLIC FINANCE > Budget > FY 2021
May 29, 2020
PUBLIC FINANCE > Budget > FY 2021
According to one watchdog, the state budget won’t weather it well. The Massachusetts Taxpayers Foundation projected in a report released Thursday that it could take five years for state revenues to exceed prepandemic levels. Even that scenario...
PUBLIC FINANCE > Budget > FY 2021
May 29, 2020
PUBLIC FINANCE > Municipal
The Massachusetts Taxpayers Foundation has projected the state will not be able to collect close to $6 billion in revenue. “This is going to have a dramatic impact on local revenues,” said Fitzgerald. “Soaring unemployment and the expectation...
PUBLIC FINANCE > Municipal
May 29, 2020
PUBLIC FINANCE > Budget > FY 2021
The hopes for a sharp and immediate rebound from the COVID-19 shutdown in Massachusetts are no longer realistic, according to the Massachusetts Taxpayers Foundation, which is now predicting a long and slow climb that will strain state resources....
PUBLIC FINANCE > Budget > FY 2021
May 28, 2020
EDUCATION
The third big question is how to pay for everything. The Mass Taxpayers Foundation forecasts a $6 billion loss in state revenue in FY 2021, which starts July 1. This gigantic shortfall greatly reduces the chances of new revenue for schools from the...
EDUCATION
May 27, 2020
PUBLIC FINANCE > Budget > FY 2021
Budget watchdogs dashed hopes for a quick recovery from the economic havoc wrought — seemingly overnight — by the coronavirus pandemic, warning the devastation of plummeting tax revenues and widespread unemployment could leave a red mark on state and...
PUBLIC FINANCE > Budget > FY 2021
May 26, 2020
PUBLIC FINANCE > Budget > FY 2021
The Massachusetts Taxpayers Foundation, a leading Beacon Hill watchdog group, recently revised its tax revenue forecast for next year, now predicting the state could collect $6 billion less than anticipated just five months ago. The foundation also...
PUBLIC FINANCE > Budget > FY 2021