In The News

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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Jobs, local aid set to flow from Everett casino

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May 1 2019

By Colin Young, State House News Service / The Salem News

In a report published Wednesday, the Massachusetts Taxpayers Foundation said the state is "essentially on pace" to collect its anticipated $138 million in gaming revenue this fiscal year and can expect to collect $294 million in fiscal year 2020, which will begin about a week after Encore Boston Harbor's anticipated opening date. More than a third of that revenue — $107 million in fiscal 2020 — will go to cities and towns as local aid. Gaming revenue will account for nine percent of all unrestricted local aid, MTF said.
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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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Capital gains eyed by state rep. as way to boost revenue

Apr 19 2019

By Katie Lannan, State House News Service / The Lowell Sun

Massachusetts Taxpayers Foundation President Eileen McAnneny said lawmakers should be "very careful" in considering changes to the capital gains tax rate, warning of potential unintended consequences like discouraging people from investing or saving. McAnneny noted that money a person invests has often already been taxed when it is earned as income.
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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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Editorial: Should Massachusetts continue its film tax credit?

Apr 5 2019

By Eileen McAnneny, The Boston Globe

The Massachusetts Taxpayers Foundation is an opponent of the film tax credits for two primary reasons: the inefficiency of the credit and the sub-optimal use of limited taxpayer resources.
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Our view: When an override works

Mar 19 2019

The Sun Chronicle

Of late, though, overrides have become less popular statewide, according to the Massachusetts Taxpayers Foundation, which is, despite its folksy title, a group representing business interests. The association’s annual financial data report on municipal government found last year set a record for the fewest number of overrides. “The number of Proposition 2 ½ overrides has declined significantly in recent years,” the report states. “Twenty Proposition 2 ½ override votes occurred in (fiscal year) 2018, down from 26 in FY 2017.
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Latest economic reports are cautionary tales

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Mar 5 2019

By Jon Chesto, The Boston Globe

Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation, says she’s not worried about this year. But the slowdown in growth could make it harder to budget for the fiscal period that begins July 1. In many ways, McAnneny says, we’re living on borrowed time with this decadelong recovery. Good thing the state has $2 billion in its rainy day fund, thanks in part to a capital gains-related windfall last year.

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For emergency departments, incredible crowding can be normal

Mar 2 2019

By Liz Kowalczyk, The Boston Globe

While the number of overall emergency department visits has been declining in the state, Massachusetts residents still use them at a rate 11 percent higher than the US average. “We’re trending in the wrong direction if we’re expanding,’’ said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, which is part of the coalition.
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