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The 2005 budget moved one step closer to its final form last week with Governor Romney's exercise of his veto power under the Massachusetts Constitution. With the Legislature scheduled to conclude formal sessions for the year before the end of July,...
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In a recent news release, the Foundation called on the Legislature to enact a major overhaul of the state's transportation agencies. Both the full Senate and the Joint Transportation Committee have put forth comprehensive and thoughtful proposals to...
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In a major report released today, the Massachusetts Taxpayers Foundation called on state leaders to remove a series of financial and bureaucratic obstacles to educational excellence at the University of Massachusetts.
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With the final Senate version of the fiscal 2006 budget $358 million higher than the House, the members of the 2006 budget conference committee will face the challenge of reducing the reliance on one-time revenues to pay for additional spending,...
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In a new analysis of the Commonwealth's financial situation, the Foundation focuses on a mounting appetite for new initiatives that threatens to overwhelm the state's ongoing fiscal capacity.
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"How long will the luck hold? For the past three fiscal years the Legislature has passed budgets which depended on reserves to achieve balance. In each case tax revenues came in better than forecast, largely because of capital gains, eliminating the...
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In testimony before the Committee on Bonding, Capital Expenditures and State Assets on June 4, MTF President Michael J. Widmer called on the Legislature to cap the Governor's bridge program at $1 billion. Mr. Widmer noted that there are no new...
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The Massachusetts Taxpayers Foundation asks lawmakers to consider five questions before casting their votes: 1) Does this income tax surcharge meet the standards of a sound tax policy? 2) Will the estimated $1.9 billion in new tax revenue materialize...
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At the next constitutional convention, legislators will vote on whether or not to approve the ballot initiative entitled “Massachusetts Income Tax for Education and Transportation Amendment” more commonly referred to as the millionaire’s tax. MTF has...