Major Trends in Local Finance Municipal revenues and expenditures increased by 5.7 percent ($1.8 billion) from fiscal year (FY) 2021 to FY 2022; the highest rate of growth since FY 2007. The strong rate of growth in FY 2022 is partially the residue of the pandemic. In FY 2021, municipal resources…

The Massachusetts Taxpayers Foundation has projected the state will not be able to collect close to $6 billion in revenue. “This is going to have a dramatic impact on local revenues,” said Fitzgerald. “Soaring unemployment and the expectation among public health experts that a second wave of the…

A recent report (April 14) from the Massachusetts Taxpayers Foundation (MTF) assesses the state’s fiscal condition. MTF forecasts that because of the shutdown of most businesses, the Commonwealth will collect $4-$6 billion, or at least 14.1 percent less in revenues than anticipated, for the current…

To calculate several other expected revenues, the town is anticipating a 14.1 percent drop from previous predictions. This thinking, Mayo said, was influenced by the Massachusetts Taxpayers Foundation, which is predicting the state will see a 14.1 percent reduction in state revenue in Massachusetts…

According to the Massachusetts Taxpayers Foundation, "We can anticipate a $4.4 billion loss of revenue in the state next year," Holaday said, adding that it's the "best-case scenario if we are able to open the state and businesses by early July."  

MTF has released the 49th Edition of the Municipal Financial Data pamphlet, an annual publication that summarizes key financial issues for the 351 cities and towns in Massachusetts for fiscal 2019 including an overview of major revenue and spending trends, tax rates, debt characteristics, and other…

Massachusetts municipalities are doing more with less from the state as they continue to tighten their belts and rely more on local receipts to keep mounting debt obligations at bay, according to the Massachusetts Taxpayers Foundation’s (MTF) 46th Municipal Finance Data booklet released today.