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...

Aiello, the chair of the control board, said he was concerned about the high level of borrowing by the MBTA for capital projects, which shows up on the transit authority’s operating budget as debt service. “This is shooting up at a rate that is...

The Massachusetts Taxpayers Foundation has estimated the system will see a $308 million deficit. ...

Massachusetts Taxpayers Foundation President Eileen McAnneny said it’s “good news” the state won’t have to dip into the stabilization fund. ...

The second report suggests the authority’s success over the last few years in addressing long-standing maintenance and modernization needs may come to a halt in four years. The report describes an “impending chasm” between the billions of dollars...

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...

Taken together, the MBTA is staring down a staggering budget deficit in the fiscal year that starts next July, according to an analysis by the Massachusetts Taxpayers Foundation. That’s assuming fare revenue rebounds to 75 percent of its...

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...

Withholding taxes – tax payments automatically deducted from paychecks and unemployment insurance benefits and paid directly to the government – were $80 million above year-ago levels. Baker said the regular unemployment insurance benefit plus the...

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said the July numbers were perplexing. She said it was hard to understand how tax withholding – the amount withheld from worker paychecks and paid directly to the government in...