In The News: Revenue

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April tax windfall creates new question: What to do with it?

May 3 2011

By Kyle Cheney, Littleton Independent / State House News Service

Michael Widmer, president of the Massachusetts Taxpayers Foundation, welcomed the news that “the market has come back.” He noted that the state implemented a policy this fiscal year requiring that capital gains revenue exceeding $1 billion for the fiscal year be automatically deposited into the rainy day fund.
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Mass. budget builders agree on $20.5B in revenues

Jan 18 2011

By Glen Johnson, The Boston Globe / AP

Michael Widmer, president of the business-oriented Massachusetts Taxpayers Foundation, branded the figure "reasonable" and said, "It's slightly on the conservative side, which is a good thing."
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Mass. sharing the wealth

Jan 5 2011

By Jay Fitzgerald, The Boston Herald

Michael Widmer, president of the Massachusetts Taxpayers Foundation, said the state is facing a big deficit because it’s losing the one-time federal stimulus funds it received during past fiscal year.
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Baker calls Cahill Lottery ads political

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Oct 9 2010

By Baker calls Cahill Lottery ads political, The Lowell Sun

Michael Widmer, president of the Massachusetts Taxpayers Foundation, said the timing of the ads is questionable, but noted that because they have run in the past, it would be unfair to conclude Cahill is using them as a campaign tactic. "On the one hand, there is a precedent for running these ads, but on the other hand it is notable that they're running at this particular time," said Widmer. "So it's a bit of a gray area. The fact that they were run in October during two election years raises an eyebrow."
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Patrick, Baker and the battle of the budget

Jul 2 2010

By Scot Lehigh, The Boston Globe

"Reforms are critical, but no reforms anyone has put forward or could put forward could close the existing gap of $2 billion, never mind $2 billion plus tax cuts of $1.5 billion,'' says Widmer.
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Speaker betting casinos would swell state coffers

Jan 22 2010

By Ethan Forman, The Salem News

"Right now we are in an unprecedented fiscal position. As a matter of fact, Michael Widmer (director) of the Massachusetts Taxpayers Foundation reported that state revenues for fiscal year 2010, will be $18 billion, a drop-off of $3.8 billion from 2008. Year to date ... this is the biggest two-year decline since World War II ..."
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Massachusetts weathered fiscal storm better than most, more pain ahead

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Jan 1 2010

By Nancy Reardon, Medfield Press / GateHouse News Service

Michael Widmer, president of the business-backed Massachusetts Taxpayers Foundation, has been a vocal critic of choosing what he calls short-term fixes over long-term plans. "You take advantage of the opportunity in a fiscal crisis to make changes that will help over the long term," he said.
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Revenue growth, spending cuts eyed for FY11

Dec 17 2009

By Jim O’Sullivan and Gintautas Dumcius, Arlington Advocate / State House News Service

Widmer said the state could face further fiscal 2010 gaps of up to $500 million, even after a round of October budget remedies, largely cuts, totaling $484 million, along with a structural deficit next year that even with anticipated tax collection gains could hit $3 billion.
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State tax revenue on the rebound, officials now say

Dec 17 2009

By Matt Viser, The Boston Globe

"I do feel that we have reached, or are close to reaching, the bottom,'' said Michael J. Widmer, president of the Massachusetts Taxpayers Foundation. "It's been a long slide, to say the least.''
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2011 state deficit pegged at $3 billion

Dec 17 2009

By Nancy Reardon, The Enterprise

"We're facing a very difficult fiscal 2011 that will probably require cuts to the magnitude of 2010," said Michael Widmer, president of the business-backed Massachusetts Taxpayers Foundation.
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