In The News

A role for employers in battling opioid scourge

Jan 22 2020

By Jon Chesto, The Boston Globe

The Massachusetts Taxpayers Foundation is best known for the critical eye it casts on state finances. But the business-backed group is also using its data-crunching for another purpose: curbing opioid abuse. President Eileen McAnneny is spearheading an initiative called Mass. CARES in which participating employers agree to take at least four specific actions over the course of the year to become more “recovery friendly.”
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Massachusetts state pension, debt liability ‘at crisis level’

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Jan 16 2020

By Joe Dwinnel, The Boston Herald

“We’re talking about big increases and every year and the cost is expected to go up almost 10% a year,” said Heath Fahle, policy director for the Massachusetts Taxpayers Foundation. “Health care, local aid, public safety, MBTA and road projects all get squeezed a little by these rapidly growing pension payments,” said Fahle. “Credit rating agencies are noticing.” Fahle was the author of a report out earlier this week saying Massachusetts could be facing an $880 million budget gap next year due to slowing tax revenue and bills due — including pensions.
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State budget gap pegged at $900 million in new report

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Jan 15 2020

By Michael Norton, State House News Service / The Lowell Sun

The Massachusetts Taxpayers Foundation on Wednesday predicted the upcoming budget cycle will differ significantly from the last two, during which tax receipts shattered projections and enabled the state to bulk up its cash reserves, pass one-time investments, and push the state budget up to $43.3 billion. “The presence of such a gap provides early warning that significant changes will be considered in order to balance the budget, such as tax increases or spending cuts,” the foundation concluded. “Stakeholders and opinion leaders should prepare to consider such actions as budget deliberations begin.”
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Rockland Trust among companies pledging to be recovery friendly

Jan 15 2020

By Katie Lannan, State House News Service / Wicked Local

Massachusetts Taxpayers Foundation President Eileen McAnneny said addressing the opioid epidemic is an “economic imperative,” and that MTF is hoping to draw as many employers as possible into the effort. Initial participants include John Hancock, KPMG, Liberty Mutual, PwC, Bank of America, Rockland Trust and EY, among others.
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State faces $900 million budget gap, watchdog warns

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Jan 15 2020

By Matt Stout, The Boston Globe

The analysis by the Massachusetts Taxpayers Foundation suggests that lawmakers may have to consider “tax increases or spending cuts” to balance the state’s $43 billion-plus budget. It would mark a stark reversal from recent years when officials’ primary money problem was jostling over ways to spend an unexpected windfall amid back-to-back years with a $1 billion surplus.
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Businesses launch effort to help employees struggling with opioids

Jan 14 2020

By Jessica Bartlett, Boston Business Journal

Massachusetts businesses have launched a year-long initiative to address the opioid crisis, forming a new coalition to reduce stigma and increase access to treatment.
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Employers asked to make workplaces recovery-friendly

Jan 14 2020

By Katie Lannan, State House News Service / Worcester Business Journal

The Massachusetts Taxpayers Foundation on Tuesday launched its Mass C.A.R.E.S. -- Massachusetts Communication and Awareness around Recovery and Employer Support -- program, asking participating businesses to pledge to do at least four things in 2020 to make their workplaces more recovery-friendly. Suggested "action steps" include completing a risk assessment and revisiting employee benefit design.
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Massachusetts Employers Urged To Join Together To Combat Opioid Epidemic

Jan 14 2020

By Paul Tuthill, WAMC

This coalition was formed by the Massachusetts Taxpayers Foundation in response to the organization’s research into the economic impact of the drug addiction crisis. The official kick-off of Mass. C.A.R.E.S. – an acronym for Communication and Awareness around Recovery programs and Employer Support – was today in Boston.
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Businesses owe more than $160 million in back taxes in Mass.

Nov 17 2019

By Mary Markos, Boston Herald / NH Union Leader

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation and co-chair of the income tax subcommittee within a Senate Revenue Working Group charged with revamping the state’s tax code, said that members have discussed ways to ensure maximum adherence to existing laws. “We always want to make sure we’re collecting all of the revenue that is due to the commonwealth,” McAnneny said, “but it is important to keep this in perspective.”
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House uses FY19 surplus to shore up reserves and pad ed spending

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Oct 17 2019

By Colin A. Young and Chris Lisinski, State House News Service / MassLive

Wednesday's session did not unfold without tension. Rep. Maria Robinson filed an amendment that would have stripped a section of the bill that decouples Massachusetts from the federal tax code, citing a Massachusetts Taxpayers Foundation analysis that the change could cause the state to forego up to $37 million in fiscal year 2020 revenue by allowing corporations to continue deducting interest.
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