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The bottom line: High costs pose a much bigger threat to Massachusetts now than they did before COVID-19 changed the way companies and their employees think about remote work. The Taxpayers Foundation report cites particular concerns with an...
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Massachusetts is facing a perfect storm of circumstances which, if not addressed, threaten to undermine the state’s historic advantage in attracting and retaining both businesses and talent, and could ultimately jeopardize our economic edge over...
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Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said the state balance sheet is strong enough for Beacon Hill to still carry out its economic development agenda. Year-over-year tax collections grew over 20 percent, and the state...
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Eileen McAnneny, the president of the Massachusetts Taxpayers Foundation, said she thinks it’s possible. And she questioned whether it made sense to impose what she considers a politically risky tax on millionaires when the cap is simply going to...
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“The surplus is a little bit larger than we initially anticipated, even a couple weeks ago,” said Doug Howgate, executive vice president of the Massachusetts Taxpayers Foundation, a business-backed budget watchdog that, as recently as last week,...
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Several budget analysts, including the Massachusetts Taxpayers Foundation and the Center for State Policy Analysis at Tufts University, have suggested the state could afford both tax break initiatives.
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“Recall that back then, when congestion was really crippling the Massachusetts economy — people couldn’t get anywhere, goods couldn’t be delivered, commutes could be hours — people were really at wits end,” she said. “So, I think there is some...
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Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation and a commission member, said she became aware through that work of the variation in public health services. “You can compare and contrast Boston, that has a robust...
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Through the middle of June, the final month of fiscal 2022, Massachusetts had collected $39.199 billion in tax revenue for fiscal year 2022, enough that the Massachusetts Taxpayers Foundation estimated a surplus in the neighborhood of $3.5 billion.
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Two straight years of surging tax collections have put in focus M.G.L.c. 62F, a little known state law that establishes a limit on allowable tax revenues. This brief summarizes the law and assesses what it could mean for fiscal year 2022 and beyond.
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