Displaying 321–330 of 427
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 17, 2020
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...
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 11, 2020
BUDGET & TAXES > Revenue
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...
BUDGET & TAXES > Revenue
Aug 10, 2020
BUDGET & TAXES > Revenue
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...
BUDGET & TAXES > Revenue
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 07, 2020
BUDGET & TAXES > Taxes > Income Tax
The revenue department initially indicated it would collect income taxes in this manner from out-of-state residents until Baker lifted the state of emergency, according to Eileen McAnneny, president of the business-backed Massachusetts Taxpayers...
BUDGET & TAXES > Taxes > Income Tax
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
Aug 04, 2020
BUDGET & TAXES > Budget
"There's so much up in the air right now," said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation. "This will provide some stability for the state and local governments while they wait for details of a federal aid package." ...
BUDGET & TAXES > Budget
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