In The News

New Study Says Opioid Epidemic Is Costing Massachusetts Economy Billions

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Nov 14 2018

By Paul Tuthill, WAMC

The study from the Massachusetts Taxpayers Foundation puts the cost to the state’s economy at $7 billion in lost business productivity. The report concludes the opioid crisis is far from over and is likely to get worse, as more lethal synthetic drugs such as fentanyl proliferate. The foundation is hosting a forum Friday in Boston on the opioid epidemic. Governor Charlie Baker and Attorney General Maura Healey are scheduled to participate.
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Report: Opioid Epidemic Cost Massachusetts $15.2 Billion In 2017

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Nov 14 2018

By Martha Bebinger, WBUR

"They're staggering," says Eileen McAnneny, MTF president, of the dollars spent on hospital care, EMTs, early intervention for infants and families, jails and the job productivity forfeited by individuals and employers. "We wanted folks to get a sense of the pervasiveness. It really impacts all major areas: health care, criminal justice, public safety and businesses."
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Report: Opioid crisis costing state $2.5B a year

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Nov 14 2018

By Steve LeBlanc, Daily Hampshire Gazette / AP

“There’s an old business school adage that you can’t manage what you can’t measure, so we thought that quantifying the cost and providing a sense of the magnitude would motivate employers to engage more on this issue,” said foundation president Eileen McAnneny. “The economic impact is a crisis itself.” One big reason the opioid epidemic should worry employers is that it threatens to make it harder to find and keep employees in an already tight labor market, McAnneny said.
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Report shows opioid crisis is costing Mass. workforce billions in lost productivity

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Nov 14 2018

By Jon Chesto, The Boston Globe

The taxpayers foundation estimates that opioid addiction kept nearly 33,000 people from participating in the labor force each year, on average, over the past five years. And the annual costs to health care providers total nearly $1 billion, some of which is paid by the taxpayer-funded MassHealth and other insurance programs.
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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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Baystate Business: Opioid Impact

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Nov 14 2018

Bloomberg

On the Wednesday, November 14 edition of Bloomberg Baystate Business we spoke with Eileen McAnneny, President of the Massachusetts Taxpayers Foundation, about their study on the economic impact of the opioid crisis on Massachusetts.
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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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Massachusetts ends fiscal year 2018 with $1.1 billion in extra tax revenue

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Jul 24 2018

By Shira Schoenberg, MassLive

"I think a sizable portion of it is due to federal tax reform, either directly or indirectly," said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation. McAnneny added that the economy is also doing well, although only time will tell how much of revenue is attributable to sustained economic growth rather than one-time money from the tax reform.
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Mass. raked in 8.6 percent more tax revenue than last year. But why?

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Jul 24 2018

By Joshua Miller, The Boston Globe

“You have to give some credit where credit is due: A lot of this revenue is affiliated with federal tax reform in some way or another,” said Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation.
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