House and Senate budget leaders have released a compromise $3.76 billion economic development bill, which also closes the books on fiscal year (FY) 2022.  This legislation, which cuts the House and Senate economic development bill proposals by approximately $1.4 billion, does not include any…

Massachusetts Taxpayers Foundation Executive Vice President Doug Howgate, who will soon take over as the group’s next leader, said the first three months of tax collections historically “bore little connection to revenue trends in subsequent months.” “The economic environment of the last two years…

But during the press conference, Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said the structure of Ballot Question 1, which requires a constitutional amendment to take effect, is “really problematic. ”Should unexpected adverse economic consequences arise from the surtax,…

“(The) Massachusetts economy is in a period of transition, we know we’re against a backdrop of high inflation, we have labor shortages, an uptick of remote work, and employers and employees have more options of where to locate than ever before,” Eileen McAnneny, president of the nonpartisan…

Surtax supporters have dubbed the measure the “fair share amendment,” but Massachusetts Taxpayers Foundation President Eileen McAnneny said Wednesday during a press conference hosted by the Coalition to Stop the Tax Hike Amendment that the “notion that millionaires don’t pay their fair tax and that…

“Massachusetts has seen unprecedented surplus revenue,” says Eileen McAnneny, president of the Massachusetts Taxpayers Foundation. An analysis by the public policy organization found the current surplus is the largest in recent history, far exceeding the $1 billion surplus the commonwealth…

Fiscal year 2023 began several months ago, but the loose ends of an eventful FY 2022 provides a more intriguing budget plotline. Unprecedented tax collections, outstanding spending bills, and close to $3 billion in taxpayer refunds combine for a fascinating and confusing fiscal picture with major…

This November, voters will decide whether or not to approve a ballot initiative that would impose a new tax on income over a million dollars. If approved, this change to the state’s constitution takes effect on January 1, 2023. MTF does not support this initiative out of concern for…

“By forgiving these expenses, I think fewer people will qualify for the tuition deduction,” Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, told the Herald. “In some way, we might see a slight bump in income tax collections because fewer people will qualify for the deduction.”

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said the state balance sheet is strong enough for Beacon Hill to still carry out its economic development agenda. Year-over-year tax collections grew over 20 percent, and the state surplus is at an eye-popping $4.9 billion. There…