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Feb 28, 2002
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Feb 28, 2002
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After plummeting more than $1.8 billion in fiscal 2002, state tax revenues will remain flat in 2003 as gains from a projected mild recovery are offset by the impact of prior tax cuts, according to a forecast presented by MTF to members of the House and Senate Ways and Means Committees at their…
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Jan 31, 2002
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Jan 31, 2002
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While acknowledging that the Commonwealth faces a $2 billion fiscal shortfall in fiscal 2003, in attempting to close that gap the administration's budget proposal relies on overly optimistic revenue growth projections, excessive use of reserves, an unwise reduction in pension funding and other…
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Dec 31, 2001
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Dec 31, 2001
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In its annual analysis of state spending, the Taxpayers Foundation warns of a looming fiscal crisis, with the Commonwealth facing a budget shortfall between $1.7 and $2.1 billion in fiscal 2003. According to the report, the 2002 budget will also likely end the year between $125 and $450 million out…
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Nov 30, 2001
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Nov 30, 2001
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In this succinct analysis, the Foundation examines the impact of the Governor's vetoes and proposed supplemental funding requests on the fiscal 2002 budget approved by the Legislature. While the budget would rely less on "rainy day" reserves to achieve balance under the Governor's proposals, it…
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Oct 31, 2001
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Oct 31, 2001
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Despite significant efforts to close a more than $1.35 billion budget gap in fiscal 2002, the state's financial leaders have failed to produce a balanced budget or to adequately address the multi-billion dollar financial problems that the state will face over the next several years. With only $600…
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Oct 31, 2001
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Oct 31, 2001
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On November 6, voters in eight Massachusetts communities -- including Boston, Malden and Waltham -- rejected a ballot measure that would have raised property taxes by up to three percent to fund affordable housing, historic preservation and open space initiatives. The Community Preservation Act was…
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Oct 31, 2001
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Oct 31, 2001
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MTF Analysis: State Faces Escalating Multi-Billion Dollar Budget Deficits; Major Spending Reductions Required
Massachusetts will face escalating multi-billion dollar state budget deficits over the next several years unless state leaders make major spending reductions in the fiscal 2002 budget, according to a new analysis by the Massachusetts Taxpayers Foundation. While large spending reductions are the…
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Sep 30, 2001
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Sep 30, 2001
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In the 31st edition of its annual summary of trends in local revenue, spending and property taxes, the Foundation reports that municipal finances reached a high water mark in fiscal 2001. Looking ahead, however, the report cautions that cities and towns can expect declining fortunes as they grapple…
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Aug 31, 2001
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Aug 31, 2001
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MTF warns that the state could face a $900 million revenue shortfall in 2002 if the trend of declining revenues in the first two months of the fiscal year continues. At the same time, not only is legislative approval of the fiscal 2002 budget woefully overdue, both the House and Senate version of…
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May 31, 2001
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May 31, 2001
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Presentation to seminar sponsored by the West Springfield Chamber of Commerce. Provides an overview of the disproportionate impact of property tax classification on the tax burden of Massachusetts businesses, with updated numbers for fiscal 2000.
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