In The News: Budget

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Editorial: House budget holds the line, but for how long?

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Apr 20 2019

The Boston Globe

But as the Taxpayers Foundation points out, there are also some trip wires out there — items perpetually underfunded. When Administration and Finance Secretary Mike Heffernan announced the governor was putting in $100 million for snow and ice removal, his staff cheered — because, of course, that account is always underfunded. In keeping with that dysfunctional tradition, the House cut it back to $50 million.
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Lawmakers seek $10M to avoid UMass tuition increase

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Apr 18 2019

By Katie Lannan, State House News Service / The Daily News

According to the Massachusetts Taxpayers Foundation, the Ways and Means budget bumps higher education funding $55 million above this year's spending levels, with $40 million in additional support for UMass and $12 million for state universities and community colleges, "primarily associated with collectively bargained increases in wages and salaries."
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On budget planning, be cautious

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Apr 10 2019

By Eileen McAnneny, CommonWealth Magazine

THE MASSACHUSETTS LEGISLATURE’S House Ways and Means Committee will unveil on Wednesday its budget proposal for state fiscal year 2020, which begins on July 1. Their budget document will describe proposals to allocate more than $46 billion in spending for such things as health care benefits for nearly 2 million Massachusetts residents, the opioid epidemic, snow removal from highways next winter, and a vast array of other programs and projects throughout the state. Before deliberations begin, I offer three reasons to err on the side of caution when it comes to spending.
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MTF: COLLECTIONS THROW UP "YELLOW LIGHT" ON SPENDING

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Feb 6 2019

By Michael Norton, State House News Service

Massachusetts Taxpayers Foundation President Eileen McAnneny said Wednesday that with revenues trailing fiscal 2019 budget benchmarks by $400 million with five months left in the fiscal year, the state this year may be on track to make a smaller deposit into its rainy day fund than expected. That is because lower than expected capital gains tax revenues, which officials say may be underperforming, will automatically cut into an expected $489 million transfer.
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Baker’s budget proposal will include changes to education funding formula

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Jan 23 2019

By Matt Stout and Victoria McGrane, The Boston Globe

The proposal speaks to the importance and the urgency around climate change mitigation, said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation. But that its champion is Baker, a Republican who has signed but generally not proposed tax hikes in the past, signals an approach to starting conversations about revenue “that we didn’t see in the first term, for sure,” she said. “It’s definitely new ground,” said McAnneny, who cautioned that there are several unresolved issues, including whether the tax raises sufficient revenue. And, she added: “Will the Legislature go along with it?”
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A recap and analysis of the week in state government

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Dec 13 2018

Market Screener

"While the time and severity of the next economic downturn is unknowable, by historic markers, we are on borrowed time," Massachusetts Taxpayers Foundation President Eileen McAnneny told the House and Senate Ways and Means committees at this year's consensus revenue hearing. McAnneny was not alone in predicting an economic slowdown on the horizon as state budget-writers cautioned to keep spending spending in keep squirreling away cash in the rainy day fund.

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Our view: Saving for a rainy day

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Dec 6 2018

Gloucester Daily Times

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said there are already “pre-recession warning signs” everywhere from labor markets to the oil industry. “By historic markers, we are on borrowed time,” she said.
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State's rainy day account rebounds

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Nov 14 2018

By Christian Wade, Gloucester Daily Times

"We have made tremendous progress, but we really need to have a bigger cushion," said Eileen McAnneny, president of the nonpartisan Massachusetts Taxpayers Foundation. The rainy day fund’s balance compared to the state's $41 billion operating budget — the most common metric of a reserve fund’s health — is about 4.9 percent, she said. It was about 7.7 percent in the fiscal year before the recession. "We clearly still have a way to go," McAnneny said. "The credit ratings agencies would prefer that we be closer to 10 percent."
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Test lab not among seven pot licenses before CCC

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Jul 25 2018

By Colin Young, State House News Service / The Sentinel and Enterprise

The fiscal 2019 state budget bill on Gov. Charlie Baker's desk counts on $63 million in legal marijuana taxes, a total the Massachusetts Taxpayers Foundation says is unlikely to materialize. The foundation last week wrote in its analysis of the state budget bill that the marijuana licensing process "has proceeded more slowly than anticipated."
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$2 Rental Car Surcharge In Mass. Will Pay For Police Training

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Jul 25 2018

By Quincy Walters, WBUR

But the president of the Massachusetts Taxpayers Foundation, Eileen McAnneny, is concerned there will no longer be a routine review of spending on police training. "There's less accountability," she says. "It doesn't go through the annual budgeting process where lawmakers make a conscious choice to continue to fund it."
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