MTF President Eileen McAnneny said the bullish projections were predicated on sales taxes jumping 7.1%, or $484 million, and withholding income tax climbing nearly 4%, or $522 million. Gas and room occupancy taxes could also rebound significantly,...

MTF expects tax revenues to increase by $1.54 billion to $29.73 billion in FY 2022, a $1.54 billion or 5.5 percent increase from the most recent FY 2021 projection of $28.19 billion. The Massachusetts Taxpayers Foundation FY 2022 forecast is $1.68...

The Legislature passed its FY 2021 budget on December 5, hoping to avoid the need for an another interim budget and just days before the FY 2022 consensus revenue hearing that kicks off the next budget process. The budget, now awaiting the...

Quickly following the House’s actions, the Senate passed its budget late Wednesday, November 17. The Senate was able to expeditiously conclude its budget debate in two days, in part by adopting four bundled amendments that added $35 million in...

While officials say the threshold will hit only the largest 6 percent of businesses in Massachusetts, the Massachusetts Taxpayers Foundation said the change will be “costly for them at a time many are reeling from the loss of business resulting from...

This week the House debated and passed its budget, four and a half months after the beginning of the fiscal year. With four consolidated amendments adding $24.53 million to spending, the budget, totaling $46.06 billion, is approximately $285 million...

MTF President Eileen McAnneny's remarks at MTF's 87th Annual Meeting focused on the theme, “The Pandemic, Presidential Elections and Public Unrest.” "This captures the essence of this year," said McAnneny. "We have all been affected by&nbsp...

As Massachusetts lawmakers look for ways to close a $3.6 billion tax revenue gap in the FY21 operating budget, there is a simple idea that could help the state receive sales tax payments more quickly and provide about $267 million of additional...

THE MBTA is preparing to cut service levels to deal with a budget shortfall looming over next year, but the Massachusetts Taxpayer Foundation warned members of the Fiscal and Management Control Board on Monday that even bigger problems are just...