The Massachusetts Taxpayers Foundation, a business-backed watchdog, is expecting a drop in revenue of $3.9 billion compared to initial estimates, according to its president, Eileen McAnneny. Others projected a more positive picture, though they included little good news for this year. There…

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, projected fiscal 2021 tax revenues will amount to $27.27 billion, about 3.9 billion - 12.5% less - than the commonwealth’s original benchmark set in January. It’s lower than the $6 billion shortfall MTF projected in June. …

Overall, according to the Massachusetts Taxpayers Foundation, the federal government has given $15.8 billion in federal relief payments to Massachusetts individuals. Some of that money was taxable, like unemployment benefits. Other money, like stimulus checks, is not taxable but…

Uncertainties with federal aid make it hard to pin down exactly how big the state’s budget hole is, Eileen McAnneny of the Massachusetts Taxpayers Foundation said. Should another federal relief package not materialize, McAnneny said “the revenue shortfall will grow massively.”

Massachusetts Taxpayers Foundation President Eileen McAnneny said she expected economic recovery to be “up-and-down and perhaps spotty” until the pandemic is controlled. She projected tax revenues would land at $27.27 billion this fiscal year, $3.9 billion or 12.5 percent below the initial…

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, predicted a $3.9 billion drop in state tax revenues, which would increase without federal relief. "Even if there is a fiscal aid package, the proposed funding may be insufficient, especially if it's not properly…

MTF President Eileen McAnneny testified last week at the Economic Roundtable convened by budget writers to help them determine the size of the revenue shortfall for FY2021. The state has been operating on an interim budget since the start of the fiscal year on July 1. Last week’s roundtable was…

MTF’s President Eileen McAnneny said, “while our revised tax revenue forecast has improved since MTF’s April projection, the improvement is due largely to unprecedented levels of federal financial assistance.  Numerous headwinds could slow the pace of economic recovery.”  McAnneny noted…

Massachusetts Taxpayers Foundation President Eileen McAnneny said it’s “good news” the state won’t have to dip into the stabilization fund.

This “kitchen cabinet” of senior tax professionals meets quarterly and helps MTF formulate its tax policy priorities. It also shapes the Commonwealth’s tax agenda by providing important feedback and insight on pending tax proposals. An invitation to members will be sent out as the date approaches.