Related to PUBLIC FINANCE
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Jun 22, 2020
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Jun 22, 2020
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‘We have to manage our budget very carefully': Boston Mayor Marty Walsh warns of ‘prolonged recession’ due to coronavirus pandemic
In its updated economic outlook released in late May, the Massachusetts Taxpayers Foundation, a leading Beacon Hill watchdog organization, already predicted the state could face a roughly $6 billion budget shortfall this year.
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Jun 22, 2020
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Jun 22, 2020
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Massachusetts lawmakers, uncertain of coronavirus’ economic toll, brace for tough decisions on education, taxes for fiscal 2021 budget
MTF projected before the pandemic hit that the state faced a revenue shortfall of up to $800 million this fiscal year. Even then, the Beacon Hill watchdog group suggested putting off the phase-in of the Student Opportunity Act or hold off spending in other parts of the budget. Since the pandemic…
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Jun 22, 2020
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Jun 22, 2020
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“Prior to COVID-19, education finance reform was on track to be the centerpiece of the fiscal 2021 budget,” MTF President Eileen McAnneny wrote in a letter to lawmakers. She added, “After the fiscal impact of COVID-19, however, policymakers may need to modify the implementation schedule for this…
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Jun 19, 2020
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Jun 19, 2020
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The Massachusetts Taxpayers Foundation predicts a $6 billion drop in tax revenues for the state due in part to mandated business closures during the pandemic.
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Jun 19, 2020
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Jun 19, 2020
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The Commonwealth has not formally revised its January 2020 consensus revenue forecast for fiscal 2020 and fiscal 2021 in light of the coronavirus-driven recession now underway, with a new forecast likely to emerge from fiscal 2021 budget deliberations. One outside group, the Massachusetts Taxpayers…
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Jun 19, 2020
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Jun 19, 2020
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Full funding, more staff, no MCAS: The Mass. Teachers Association lays out its vision for reopening schools
“After the fiscal impact of COVID-19 … policymakers may need to modify the implementation schedule for this new law,” Massachusetts Taxpayers Foundation President Eileen McAnneny wrote to lawmakers in late April. “For example, lawmakers may postpone the start of implementation until…
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Jun 19, 2020
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Jun 19, 2020
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As recently as late May, the watchdog group Massachusetts Taxpayers Foundation predicted the state could lose up to $6 billion in tax revenue for fiscal 2021. Mass.gov lists the original benchmark for tax revenue for FY 2020 at slightly more than $30 billion. This would represent about a 20 percent…
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Jun 17, 2020
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Jun 17, 2020
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Eileen McAnneny, the president of the Massachusetts Taxpayers Foundation,a business-backed fiscal watchdog, said she understands generally where the money will go. “Having said that, I agree that there should have been more detail so that it is transparent to the public how the funds will be used…
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Jun 17, 2020
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Jun 17, 2020
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Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said the tight time frame – with only two weeks left before the June 30 end of the fiscal year – means it might make sense to bypass the multiple iterations that a budget typically goes through, as it goes from the governor to…
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Jun 16, 2020
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Jun 16, 2020
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The Massachusetts Taxpayers Foundation said in May that the state could expect to collect as much as $6 billion less in tax revenue this year due to the COVID-19 pandemic.
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