In The News

Tax could deflate state's economy

Mar 15 2018

The Eagle Tribune

The president of the Massachusetts Taxpayers Foundation told the assembled lunchtime crowd that the state's economy was strong. What's more, the economic recovery has lasted longer than those in the past, and state tax receipts are coming in above estimates. Still, McAnneny worries about clouds on the horizon -- that extra tax money may be coming from folks who tried to pay their taxes early, ahead of federal reform efforts. The state still isn't setting enough money aside in its "rainy day" fund to satisfy credit rating agencies like Moody's and Standard & Poor's.
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Expert: MassHealth funding means a tight state budget

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Mar 15 2018

By Ethan Forman, The Salem News

Health care spending is the leading culprit as to why the state budget has been so tight despite good economic times, according to Massachusetts Taxpayers Foundation President Eileen McAnneny. “If there’s one takeaway I would like all of you to leave with, it’s this: That everyone has to keep their eye on the MassHealth ball, and everyone should care about the amount of money that we are spending on it, because the amount eclipses every other spending area in the budget by a very wide margin,” McAnneny told a ballroom full of business leaders Wednesday.
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245 State Police troopers earned more than $200,000 last year

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Mar 12 2018

By Michael Levenson and Matt Rocheleau, The Boston Globe

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, a business-backed budget watchdog group, said State Police overtime pay partly reflects the increased demands on law enforcement in an era of heightened concern about terrorism.
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Senate budget plan boosts state spending to $41B

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Mar 10 2018

By Colin Young, State House News Service / The Lowell Sun

While Senate leaders touted areas of investment on Thursday, the Massachusetts Taxpayers Foundation recently cautioned that a growing portion of state revenues are being consumed by a few priorities, leaving a lot less money for lawmakers to invest in programs important to their constituents.
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$1.4B Education Bill Would Inject Money Into Struggling Gateway Cities' Schools

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Feb 23 2018

By Bianca Vazquez Toness, WGBH

It's not clear where that money would come from. “It’s a big expenditure,” says Eileen McAnneny, president of the Massachusetts Taxpayers Foundation. “It’s being added to a budget that already has a structural deficit. So, figuring out how we pay for that is critically important.”
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Editorial: Bay State’s golden geese

Feb 18 2018

The Boston Herald

Mass. Taxpayers agrees, noting “Massachusetts already has a migration problem.” A net 475,000 people ($18.9 billion in adjusted gross income) left the state from 1993 to 2016. “The additional 4 percent income surtax will surely drive more Massachusetts taxpayers to change their state of tax residency.”
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Millionaire tax wrong way to play Robin Hood

Feb 18 2018

By Edward Murphy, CommonWealth Magazine

The new $10,000 limit will therefore cost those filers more than a third of their deductions and the aggregate cost is enormous. According to the Massachusetts Taxpayers Foundation, the state’s filers will lose approximately $7.5 billion in deductions under the new law.
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Top earners could leave state, tax study finds

Feb 13 2018

By Christian Wade, The Daily News

The Massachusetts Taxpayers Foundation has estimated about 19,600 tax filers would be affected by the 4 percent tax, generating about $1.9 billion a year.
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Beacon Hill warms up to $3.5 B borrowing bill

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Feb 12 2018

By Michael Norton, State House News Service / The Gloucester Times

The out-of-pocket costs of retiring debt are reflected in Gov. Baker's fiscal 2019 budget, which sets aside $2.66 billion to make debt service payments over 12 months, a $49 million increase from this fiscal year's projected debt service spending, according to the Massachusetts Taxpayers Foundation.
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Transportation commission won’t look at revenues, financing

Feb 8 2018

By Bruce Mohl, CommonWealth Magazine

The idea for the commission came from the Massachusetts Taxpayers Foundation, which released a report in late September suggesting that a third transportation finance commission was needed because existing revenues were uncertain, particularly because of cutbacks in federal spending and the rise of ride-sharing and electric vehicles, both of which have the potential to upend funds coming in from the gas tax, the motor vehicles sales tax, and Registry and inspection fees.
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