Displaying 81–90 of 173
Jun 25, 2020
PUBLIC FINANCE > Budget > FY 2021
Unlike Congress, state lawmakers need to pass a balanced budget every year. Money is tight, to say the least: The Massachusetts Taxpayers Foundation recently estimated that state tax revenue in the next fiscal year will drop by $6 billion,...
PUBLIC FINANCE > Budget > FY 2021
Jun 22, 2020
PUBLIC FINANCE > Budget > FY 2021
In its updated economic outlook released in late May, the Massachusetts Taxpayers Foundation, a leading Beacon Hill watchdog organization, already predicted the state could face a roughly $6 billion budget shortfall this year. ...
PUBLIC FINANCE > Budget > FY 2021
Jun 22, 2020
PUBLIC FINANCE > Budget > FY 2021
MTF projected before the pandemic hit that the state faced a revenue shortfall of up to $800 million this fiscal year. Even then, the Beacon Hill watchdog group suggested putting off the phase-in of the Student Opportunity Act or hold off spending in...
PUBLIC FINANCE > Budget > FY 2021
Jun 22, 2020
TRANSPORTATION
The Massachusetts Taxpayers Foundation in a recent report also praised the work of the control board, but pointedly said the impact of COVID-19 has put the T in a worse financial position today than when it was formed in 2015 in the wake of a...
TRANSPORTATION
Jun 22, 2020
PUBLIC FINANCE > Budget > FY 2021
“Prior to COVID-19, education finance reform was on track to be the centerpiece of the fiscal 2021 budget,” MTF President Eileen McAnneny wrote in a letter to lawmakers. She added, “After the fiscal impact of COVID-19, however, policymakers may need...
PUBLIC FINANCE > Budget > FY 2021
Jun 19, 2020
PUBLIC FINANCE > Budget > FY 2021
The Massachusetts Taxpayers Foundation predicts a $6 billion drop in tax revenues for the state due in part to mandated business closures during the pandemic. ...
PUBLIC FINANCE > Budget > FY 2021
Jun 19, 2020
PUBLIC FINANCE > Budget > FY 2021
The Commonwealth has not formally revised its January 2020 consensus revenue forecast for fiscal 2020 and fiscal 2021 in light of the coronavirus-driven recession now underway, with a new forecast likely to emerge from fiscal 2021 budget...
PUBLIC FINANCE > Budget > FY 2021
Jun 19, 2020
PUBLIC FINANCE > Budget > FY 2021
“After the fiscal impact of COVID-19 … policymakers may need to modify the implementation schedule for this new law,” Massachusetts Taxpayers Foundation President Eileen McAnneny wrote to lawmakers in late April. “For example, lawmakers may...
PUBLIC FINANCE > Budget > FY 2021
Jun 19, 2020
PUBLIC FINANCE > Budget > FY 2021
As recently as late May, the watchdog group Massachusetts Taxpayers Foundation predicted the state could lose up to $6 billion in tax revenue for fiscal 2021. Mass.gov lists the original benchmark for tax revenue for FY 2020 at slightly more than $30...
PUBLIC FINANCE > Budget > FY 2021
Jun 17, 2020
PUBLIC FINANCE > Budget > FY 2021
Eileen McAnneny, the president of the Massachusetts Taxpayers Foundation,a business-backed fiscal watchdog, said she understands generally where the money will go. “Having said that, I agree that there should have been more detail so that it is...
PUBLIC FINANCE > Budget > FY 2021