MTF President McAnneny shared a presentation with the Senate Revenue Working Group about the state’s revenue outlook and the road to recovery. Entitled "A Reality Check on Revenues and Recovery," the presentation argued that now is not the time to impose new taxes, if avoidable, given the degree of fragility of our economy and the many headwinds facing employers. As part of the presentation, MTF engaged in some scenario planning regarding revenue projections and offered potential solutions for addressing them. Topics included:
- Business Cost Increases
- Pandemic Related Impacts
- Economic Outlook
- Past Recessions playbook
- Principles to guide discussion
- Scenario Planning
