The attached budget summary shows fiscal 2009 spending after the Governor's first round of "9C' cuts of $708 million and a savings of $100 million by extending from 2023 to 2025 the funding of the state's unfunded pension liabilities.  With...

Tax revenues will increase by approximately $615 million, or 2.0 percent, to $31.06 billion in fiscal 2021 according to a new forecast released today by the Massachusetts Taxpayers Foundation at the state’s annual consensus revenue hearing. The...

Eileen McAnneny, President of MTF, presented the Foundation’s economic and revenue forecast to members of the House and Senate Ways and Means Committees and the Secretary of Administration and Finance at their annual consensus revenue hearing at the...

Tax revenues will increase by approximately $680 million, or 2.4 percent, to $29.47 billion in fiscal 2020 according to a new forecast released today by the Massachusetts Taxpayers Foundation at the state’s annual consensus revenue hearing. ...

“Preparing a budget months in advance is difficult in the best of circumstances but this year is particularly challenging given the huge revenue swings that could result from any one of several scenarios in play, including the potential impact on...

Today, the Baker Administration announced $97.9 million in midyear budget (9C) cuts.1 These cuts come during a particularly challenging budget year in which revenues have been reduced by $800 million already. This brief provides background on the FY...

Forecasting state tax revenues 18 months into the future is always risky as unforeseen events often undermine predictions as the past three years have demonstrated. However, predicting revenues in FY 2019 is more daunting than usual because there are...

Massachusetts cities and towns endured the most difficult two-year period in the Proposition 2 ½ era in fiscal 2010 and 2011 with property taxes rising to their highest share of local spending in 30 years, according to the Massachusetts Taxpayers...

While acknowledging that the Commonwealth faces a $2 billion fiscal shortfall in fiscal 2003, in attempting to close that gap the administration's budget proposal relies on overly optimistic revenue growth projections, excessive use of reserves, an...