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...

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...

“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...

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...

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...

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....

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...

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...

But defeat of the override will seem like a spring shower compared to the hurricane-sized threat posed by a potential COVID-caused loss of $800,000 to $1 million in state aid. A report released Monday, May 18, by the Massachusetts Taxpayers...

Last week, the Massachusetts Taxpayers Foundation estimated that state tax revenues will fall by $6 billion, or nearly 20 percent, in the next fiscal year, from the revenue outlook that state leaders established in January. DeLeo conceded that the...