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“It is good news that tax revenue collections exceeded the monthly estimates,” said McAnneny. “But caution remains the key word for the rest of the fiscal year because revenues remain below projections for the year.”
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In its annual report on state spending, MTF reports that with tax collections weakening precipitously, achieving a balanced state budget for fiscal 2002 is likely to be the most difficult financial challenge in a decade. The report highlights three...
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The Foundation testified on the enormous $46 billion in unfunded retiree health care liabilities facing Massachusetts state and municipal governments.
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Given the recent attention to the issue of whether Massachusetts should decouple from Internal Revenue Code Section 163(j), the Massachusetts Taxpayers Foundation (MTF) has assembled a brief primer on the issue explaining what the provision does, why...
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In its annual review of state finances, the Taxpayers Foundation warns that largely uncontrollable growth in spending for core programs is outpacing the revenue growth that can be expected to be generated by the state's economy and tax base over the...
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In its annual review of state finances, the Foundation cautions that while the Commonwealth is in its third year of financial recovery, the state's leaders now face the challenge of choosing from a long list of competing funding priorities that far...
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"The House Ways and Means fiscal 2008 budget, which will be debated by the full House beginning April 23, has a bottom line that is very similar to the Governor's budget proposal but rejects most of his specific initiatives. The House proposes to...
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Following each state election, the Massachusetts Taxpayers Foundation publishes the Massachusetts Legislative Directory, an invaluable guide to the State House. This booklet is designed to help you, the citizen, understand the legislative process and...
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The Massachusetts Taxpayers Foundation (MTF) endorses the House and Senate bills that address the shortfall in funding for transportation while continuing to improve the performance of state transportation agencies.
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