In The News: Revenue

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Mass. Officials Expect Modest Economic Growth Next Year

Dec 11 2013

By Sarah Birnbaum, WGBH

The group Massachusetts Taxpayers Foundation says most of the projected growth would be eaten up by mandatory costs such as Medicaid and pensions.

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Higher tax collections, modest growth predicted FY15

Dec 11 2013

By Christine Lee, WWLP

Massachusetts Taxpayers Foundation President Michael Widmer cautioned that the projected rise in revenue is less than in past economic recoveries that grew by 6 to 7 percent. They say most of the money will be quickly absorbed by current spending obligations. “One looks are things like debt service, pensions, Medicaid, other built in obligations consume a lion’s share of that $1.1 billion in additional spending,” said Widmer.

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Massachusetts caps fiscal year with $1 billion surplus in tax collections

Jul 17 2013

By Dan Ring, The Republican

According to Michael J. Widmer, president of the Massachusetts Taxpayers Foundation, total tax collections for the fiscal year are somewhat deceiving because much of the increase came from non-recurring revenues such as capital gains taxes and tax settlements. "The final number looks better than it really is because so much of it is one time," Widmer said.
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Campaign turns to the economy

Jun 4 2012

NorthJersey.com, The Record

Job creation in the Bay State ranked among the bottom in the nation under Romney; and for his first budget, in 2004, Romney raised $750 million in new revenue — about half from corporate tax increases and half in fee increases, according to the nonpartisan Massachusetts Taxpayers Foundation.

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Economy big concern for Democrats

Jun 3 2012

By Clarence Fanto, The Berkshire Eagle

Nevertheless, Massachusetts unemployment declined from just under 6 percent at the beginning of Romney’s term to 4.7 percent when he left, and his backers claim he narrowed a $2 billion budget gap without raising taxes. But we all remember how he raised a wide variety of fees as well as closing business-tax loopholes in order to boost revenue by $750 million, according to the Massachusetts Taxpayers Foundation.

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Obama Campaign Mounts New Assault on Romney’s Record as Massachusetts Governor

May 30 2012

By Jake Tapper, ABC News

But as Factcheck.org notes, the “Massachusetts Department of Administration and Finance says that fee increases during Romney’s tenure added up to $260 million per year, with another $174 million raised from closing some corporate tax ‘loopholes.’ The independent Massachusetts Taxpayers Foundation puts the revenue total of fee hikes and tax loophole-closings at between $740 and $750 million a year.”

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Obama campaign targets Romney's record as governor

May 25 2012

By Jeff Mason and Laura MacInnis, Reuters

Romney often says he balanced the state’s budget without raising taxes, but does not mention that he raised about $750 million in revenue each year by closing tax loopholes and raising fees, according to the nonpartisan Massachusetts Taxpayers Foundation.

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Mitt Romney said he "actually cut" spending as Massachusetts governor

May 22 2012

By PolitiFact.com, Tampa Bay Times

Romney made a point of contrasting the fiscal record of President Barack Obama with his own record as governor of Massachusetts. We wondered whether that accurately reflected Romney’s fiscal record in the Bay State. ... We turned to the Massachusetts Taxpayers Foundation, an independent group that studies fiscal policy in the state. They provided us with the figures for total state spending.

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Casino pitch: tax revenue of $10m

Dec 15 2011

By Mark Arsenault, The Boston Globe

A casino resort and hotel complex would generate considerable local property, meal and room taxes, but “it would take the examination of the real proposal to verify a number that high,’’ Michael Widmer, president of the Massachusetts Taxpayers Foundation, said, referring to the estimate.
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Opinion: European woes weigh on Beacon Hill

Dec 14 2011

The Daily News

"The small growth in tax revenues will put great strains on the fiscal 2013 budget with increases in nondiscretionary spending outpacing the additional revenues available," Michael Widmer of the Massachusetts Taxpayers Foundation testified.
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