Displaying 11–20 of 61
Oct 08, 2020
BUDGET & TAXES > Budget > FY 2021
Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, projected fiscal 2021 tax revenues will amount to $27.27 billion, about 3.9 billion - 12.5% less - than the commonwealth’s original benchmark set in January. It’s lower than the $6...
BUDGET & TAXES > Budget > FY 2021
Oct 08, 2020
BUDGET & TAXES > Budget > FY 2021
Overall, according to the Massachusetts Taxpayers Foundation, the federal government has given $15.8 billion in federal relief payments to Massachusetts individuals. Some of that money was taxable, like unemployment benefits. Other money, like...
BUDGET & TAXES > Budget > FY 2021
Oct 08, 2020
BUDGET & TAXES > Budget > FY 2021
Uncertainties with federal aid make it hard to pin down exactly how big the state’s budget hole is, Eileen McAnneny of the Massachusetts Taxpayers Foundation said. Should another federal relief package not materialize, McAnneny said “the revenue...
BUDGET & TAXES > Budget > FY 2021
Oct 08, 2020
BUDGET & TAXES > Budget > FY 2021
Massachusetts Taxpayers Foundation President Eileen McAnneny said she expected economic recovery to be “up-and-down and perhaps spotty” until the pandemic is controlled. She projected tax revenues would land at $27.27 billion this fiscal year, $3.9...
BUDGET & TAXES > Budget > FY 2021
Oct 08, 2020
BUDGET & TAXES > Budget > FY 2021
Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, predicted a $3.9 billion drop in state tax revenues, which would increase without federal relief. "Even if there is a fiscal aid package, the proposed funding may be...
BUDGET & TAXES > Budget > FY 2021
Aug 20, 2020
BUDGET & TAXES > Budget > FY 2021
As Bay State officials stare at a $6 billion structural deficit amid plummeting tax revenue, adding this program would be quite difficult, said Eileen McAnneny of the Massachusetts Taxpayers Foundation. “The state would be hard-pressed to find...
BUDGET & TAXES > Budget > FY 2021
Aug 12, 2020
BUDGET & TAXES > Budget > FY 2021
In May, the Massachusetts Taxpayers Foundation, a nonprofit think tank, said that state tax revenues in the current fiscal year were expected to be $6 billion less than anticipated. In July, the U.S. Department of Labor reported a...
BUDGET & TAXES > Budget > FY 2021
Aug 10, 2020
BUDGET & TAXES > Budget > FY 2021
In Massachusetts, which has the highest unemployment rate in the country at 17.4 percent, the pool of money that funds unemployment benefits has already gone into the red by more than $350 million, said Eileen McAnneny, president of the...
BUDGET & TAXES > Budget > FY 2021
Aug 06, 2020
BUDGET & TAXES > Budget > FY 2021
"There's really no money for projects," said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation. "The Legislature is facing a what we've estimated to be a $6 billion shortfall, and they will be forced to make drastic cuts to...
BUDGET & TAXES > Budget > FY 2021
Jul 28, 2020
BUDGET & TAXES > Budget > FY 2021
“I’m not sure what the magic of the three months is,” Eileen McAnneny, president of the Taxpayers Foundation, said of the interim budget. “It provides some of the folks who are getting the money at least some certainty in the short term. But it doesn...
BUDGET & TAXES > Budget > FY 2021