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Displaying 571–580 of 1160
News Item
Spending cuts, tax hikes on the table as coronavirus takes estimated $3-5 billion bite from revenues
Uncertainties with federal aid make it hard to pin down exactly how big the state’s budget hole is, Eileen McAnneny of the Massachusetts Taxpayers Foundation said. Should another federal relief package not materialize, McAnneny said “the revenue...
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News Item
Most experts see year-over-year tax revenue decline
Massachusetts Taxpayers Foundation President Eileen McAnneny said she expected economic recovery to be “up-and-down and perhaps spotty” until the pandemic is controlled. She projected tax revenues would land at $27.27 billion this fiscal year, $3.9...
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News Item
State's economic outlook remains uncertain
Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, predicted a $3.9 billion drop in state tax revenues, which would increase without federal relief. "Even if there is a fiscal aid package, the proposed funding may be...
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News Item
Pandemic takes $693M slice out of tax revenues so far, budget bill reveals
Massachusetts Taxpayers Foundation President Eileen McAnneny said it’s “good news” the state won’t have to dip into the stabilization fund. ...
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News Item
Long-awaited Green Line Extension reaches halfway milestone, officials say
The Massachusetts Taxpayers Foundation has estimated the system will see a $308 million deficit. ...
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News Item
T eyeing service cuts, budget workarounds
Aiello, the chair of the control board, said he was concerned about the high level of borrowing by the MBTA for capital projects, which shows up on the transit authority’s operating budget as debt service. “This is shooting up at a rate that is...
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Publication
Testimony Regarding MTF’s Revised FY 2021 Revenue Forecast
MTF President Eileen McAnneny testified last week at the Economic Roundtable convened by budget writers to help them determine the size of the revenue shortfall for FY2021. The state has been operating on an interim budget since the start of the...
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Publication
FY 2021 Tax Revenue Forecast – October Update
MTF’s President Eileen McAnneny said, “while our revised tax revenue forecast has improved since MTF’s April projection, the improvement is due largely to unprecedented levels of federal financial assistance.  Numerous headwinds could slow the...
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Event
Annual Tax Policy Conference
Pandemics, presidential elections, and public unrest -- what does it mean for tax policy? Featured guest: Geoffrey Snyder, Commissioner, Massachusetts Department of Revenue Featured speaker: Dr. Larry Sabato - "A Crystal Ball...
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News Item
Poftak pushes feds for $32b for transit agencies
The second report suggests the authority’s success over the last few years in addressing long-standing maintenance and modernization needs may come to a halt in four years. The report describes an “impending chasm” between the billions of dollars...
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