To calculate several other expected revenues, the town is anticipating a 14.1 percent drop from previous predictions. This thinking, Mayo said, was influenced by the Massachusetts Taxpayers Foundation, which is predicting the state will see a 14.1...

McAnneny, of the business-backed taxpayers foundation, says the CARES Act is "insufficient to mitigate the economic impacts of the pandemic." In her testimony earlier this month, McAnneny highlighted the role that federal funds can play by pointing...

The Massachusetts Taxpayers Foundation, a budget watchdog group backed by businesses, estimated the state’s revenue for the next fiscal year could drop $3.9 billion, or 15 percent, below past projections. New York said revenues could fall by as much...

According to the Massachusetts Taxpayers Foundation, "We can anticipate a $4.4 billion loss of revenue in the state next year," Holaday said, adding that it's the "best-case scenario if we are able to open the state and businesses by early July." ...

This time around, the Massachusetts Taxpayers Foundation forecasts unemployment approaching 18 percent by the end of June, with 570,000 jobs disappearing in recent weeks. Many of those jobs will be recovered by next spring, but total employment won’t...

The virtual meeting began Thursday with presentations from Massachusetts Budget and Policy Center President Marie-Frances Rivera and Massachusetts Taxpayers Foundation President Eileen McAnneny, each of whom detailed the forecasts they provided...

The Massachusetts Taxpayers Foundation projected a revenue decline of $4 billion for the state's fiscal year 2021 budget. A Senate working group that had been studying tax code changes indicated it will struggle to make recommendations while the...

Boston Globe business columnist Shirley Leung told Boston Public Radio on Thursday economic forecasts from Moody's Analytics and the Massachusetts Taxpayers Foundation put the state's economic reopening into July. According to a recent report issued...

Andrew Bagley with the Massachusetts Taxpayers Foundation says the organization predicts an ultimate 18% unemployment rate in the Bay State. Bagley says the expected V-shaped recovery now looks more like a W with damage from the virus — like job...

Massachusetts budget watchers are predicting a steep drop in revenue in the face of the coronavirus economic shutdown. Democratic House Ways and Means Chairman Aaron Michlewitz said the House typically holds its budget debate in April, a timeline he...