Displaying 41–50 of 146
Aug 17, 2020
TRANSPORTATION
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...
TRANSPORTATION
Aug 12, 2020
PUBLIC FINANCE > 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...
PUBLIC FINANCE > Budget > FY 2021
Aug 11, 2020
PUBLIC FINANCE > 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...
PUBLIC FINANCE > Revenue
Aug 10, 2020
PUBLIC FINANCE > 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...
PUBLIC FINANCE > Revenue
Aug 10, 2020
PUBLIC FINANCE > 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...
PUBLIC FINANCE > Budget > FY 2021
Aug 07, 2020
PUBLIC FINANCE > 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...
PUBLIC FINANCE > Taxes > Income Tax
Aug 06, 2020
PUBLIC FINANCE > 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...
PUBLIC FINANCE > Budget > FY 2021
Aug 04, 2020
PUBLIC FINANCE > 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." ...
PUBLIC FINANCE > Budget
Jul 28, 2020
PUBLIC FINANCE > 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...
PUBLIC FINANCE > Budget > FY 2021
Jul 22, 2020
TRANSPORTATION
Aiello declined to comment on any discussions he had with Gov. Charlie Baker, but it’s likely the governor wanted to avoid a disruption in oversight of the agency at a very uncertain time. The MBTA balanced its fiscal 2021 budget using federal COVID...
TRANSPORTATION