In The News: FY 2019

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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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April tax haul could fatten state savings account

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May 6 2019

By Matt Murphy, State House News Service / The Taunton Daily Gazette

Taxpayers Foundation President Eileen McAnneny said legislators should not spend the possible surplus on operating budget expenses, but rather save it toward the next “milestone” of $3 billion in reserves, or use it to pay down debt and pension liabilities and invest in one-time priorities like fixing the state’s transportation system or preparing for climate change.
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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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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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Slow Rollout Of Pot Sales Clouds Marijuana Tax Forecast

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Jul 23 2018

CBS Boston

The Massachusetts Taxpayers Foundation said in an analysis of the new budget that it was unfortunate lawmakers did not lower marijuana revenue estimates, as they’re unlikely to hit the $63 million target.
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Slow rollout of pot sales may hit state tax revenue

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Jul 23 2018

The Boston Herald

The Massachusetts Taxpayers Foundation said in an analysis of the new budget that it was unfortunate lawmakers did not lower marijuana revenue estimates, as they’re unlikely to hit the $63 million target.
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