MTF In The News

State Budget Earmarks: Fiscal Safety Valve, Or Political Sleight Of Hand?

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Apr 28 2016

By Isaiah Thompson, WGBH

“The economy is doing better, so people probably feel that the state has more money, and they want to provide some proposals on how best to spend that,” observed Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, a fiscally conservative nonprofit watchdog group.
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House budget boosts ed aid

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Apr 28 2016

By Heather Goldin, The Lowell Sun

The independent Massachusetts Taxpayers Foundation, among other groups, has warned that the state is not moving fast enough to replenish its reserve fund, which was depleted during the Great Recession. That could leave the state vulnerable to another economic downturn.
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Massachusetts House approves nearly $40B budget

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Apr 27 2016

By Bob Salsberg, AP / Worcester Telegram

The independent Massachusetts Taxpayers Foundation, among other groups, has warned that the state is not moving fast enough to replenish its reserve fund, which was depleted during the Great Recession. That could leave the state vulnerable to another economic downturn.
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Poll Shows Support For " Millionaires' Tax" In Massachusetts

Apr 26 2016

By Paul Tuthill, WAMC Public Radio

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said the best way for the state to collect more tax revenue is to help the economy create more jobs. " Grow the base, so you don't increase the tax rates, but increase the number of people subject to them," she said. " A robust economic development strategy is one way to help grow revenues."
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Some worry state's 'rainy day' fund a bit shallow

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Apr 17 2016

By Bob Salsberg, AP / The Lawrence Eagle Tribune

"We drew down reserves quite a bit during the (Great Recession) which is totally understandable," said Doug Howgate, director of policy and research for the nonpartisan Massachusetts Taxpayers Foundation. "The cycle we have to get into is to rebuild during good times, otherwise when the next recession comes, we simply won't have the resources."
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Baker 'tax' is seen as pivotal for hospitals

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Apr 13 2016

By Michael Norton, State House News Service / Lowell Sun

The Massachusetts Taxpayers Foundation on Monday called the Baker administration's Delivery System Reform Incentive Program proposal "a substantial expansion and overhaul of the current program" that relies on the new hospital assessments and assumes approval of an upcoming waiver to generate hundreds of millions of dollars and incentivize Medicaid providers to move toward preferred-care systems.
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Massachusetts House Democrats' state budget seeks to slow spending growth

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Apr 13 2016

By Bob Salsbury, AP / The Berkshire Eagle

Budget monitors including the nonpartisan Massachusetts Taxpayers Foundation have warned that a shrinking balance in the reserve fund in recent years could have future implications for the state's fiscal health, especially if another economic downturn occurs.
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House budget differs from Gov. Charlie Baker on education, welfare

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Apr 13 2016

By Shira Schoenberg, MassLive

Eileen McAnneny, president of the fiscally conservative Massachusetts Taxpayers Foundation, called the House budget a "solid" proposal that is "fiscally sound," because it grows spending at a lower rate than revenue growth, reduces the use of one-time money and will deposit some money into the rainy day fund.
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House panel unveils $39.48b budget

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Apr 13 2016

By Matt Murphy, State House News Service / Commonwealth Magazine

The Massachusetts Taxpayers Foundation has advocated for the Legislature not to use capital gains tax receipts in excess of $1 billion for general spending, and instead to put the entire estimated $356 million into reserves.
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Mass. hospitals support new tax with certain conditions

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Apr 12 2016

State House News Service / WBJournal

The Massachusetts Taxpayers Foundation (MTF) on Monday called the Baker administration's Delivery System Reform Incentive Program proposal "a substantial expansion and overhaul of the current program" that relies on the new hospital assessments and assumes approval of an upcoming waiver to generate hundreds of millions of dollars and incentivize Medicaid providers to move toward preferred care sys
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More Mass. residents have health care coverage; costs remain a challenge

Apr 12 2016

By Lisa Eckelberger, The Worcester Telegram

Gov. Charlie Baker’s proposed budget for the fiscal year beginning July 1 calculates MassHealth spending at $15.47 billion, or 5 percent more than the current fiscal year, according to an analysis this week by the Massachusetts Taxpayers Foundation. After federal reimbursements, the group said, the proposed budget would boost state spending on MassHealth by about $275.7 million.
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Senator: Investigate perks for state college leaders

Apr 11 2016

By Jon Marcus, New England Center for Investigative Reporting

“There’s been a lot of attention about the request for more money for higher education,” said Eileen McAnneny, president of the nonpartisan, Boston-based Massachusetts Taxpayers Foundation. “The legislature has a right to ask how that money will be spent, and that it’s used for the best and most appropriate purposes.”
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Massachusetts offering tax amnesty

Apr 5 2016

By Gerry Tuoti, Wicked Local Cape Cod

When deciding to offer tax amnesty, state policymakers must decide whether getting a quick influx of revenue is worth foregoing the amount of money that could be collected as penalties, said Doug Howgate, a researcher with the nonprofit Massachusetts Taxpayers Foundation.
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State's tax amnesty program begins April 1

Mar 31 2016

By Gerry Tuoti, The Herald News

When deciding to offer tax amnesty, state policymakers must decide whether getting a quick influx of revenue is worth foregoing the amount of money that could be collected as penalties, said Doug Howgate, a researcher with the nonprofit Massachusetts Taxpayers Foundation.
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‘Fight the hike’: Interest groups argue over possible T fare hike

Mar 1 2016

By Adam Vaccaro, Boston.com

The group did not specifically speak about fare hikes in their remarks, instead vaguely referencing upcoming difficult decisions facing the board. Asked for an opinion on whether the T should raise fares, Massachusetts Taxpayers Foundation President Eilleen McAnneny said the board should do whatever it sees fit.
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T oversight board hears cons, pros on fare hike

Feb 29 2016

By Andy Metzger, State House News Service / Commonwealth Magazine

Massachusetts Taxpayers Foundation President Eileen McAnneny, the co-chair of the Fix Our T coalition, thanked the control board in a press conference and offered no suggestions about how the board should handle the fare hikes. The board previously advanced the two fare-hike proposals into the public comment stage.
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The Complicated Business of Evaluating Tax Incentives

Feb 25 2016

By Liz Farmer, Governing

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, says that most of the tax credits the state gives out don't specify expectations for the employer. She argues that giving Bump access to tax returns would yield "very subjective" results.
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He’s Mr. Popularity; now can Charlie Baker deliver?

Feb 18 2016

By John Powers, The Boston Globe

“He’s pretty straightforward,” says Eileen McAnneny, president of the Massachusetts Taxpayers Foundation. “He calls it as he sees it, which is kind of refreshing. He clearly wants to govern, in all that entails.”
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After emergency cuts, Baker requests $170 mil in new spending

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Feb 15 2016

By Michael Norton, SHNS / Cape & Plymouth Business

Massachusetts Taxpayers Foundation President Eileen McAnneny said it's "tough" to accurately estimate all spending levels in a budget that's approaching $40 million, but acknowledged accounts are underfunded "as a matter of course" in the annual budget as part of the balancing challenge.
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Baker's charter-school bill turns up heat on pols

Feb 11 2016

By Ella Torres, The Lowell Sun

Several statewide business organizations have formed a group -- Great Schools Massachusetts Coalition -- in support of more charter schools and has launched an $18 million advocacy campaign that Massachusetts teachers' unions vow to fight. The group includes the Associated Industries of Massachusetts, Massachusetts Taxpayers Foundation, Mass.
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Consultant preparing MBTA debt report

Feb 7 2016

By Michael Norton, State House News Service / The Sharon Advocate

Last June, as lawmakers were authorizing a control board to take charge of the agency, the Massachusetts Taxpayers Foundation recommended that lawmakers guarantee state funding to cover debt service costs from Central Artery mitigation projects, debt transferred before 2000 and the costs to move T personnel from the capital to the operating budget.
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The State We’re In: Massachusetts Taxpayers Foundation’s Eileen McAnneny

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Feb 5 2016

WGBY 57

Eileen McAnneny, President of the non-partisan Massachusetts Taxpayers Foundation, discusses Governor Baker’s proposed Fiscal Year 2017 state budget and the current and future prospects for the Commonwealth’s economy.
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Editorial: Brighter budget forecast

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Feb 4 2016

The Boston Herald

Between 2013 and 2015, the MTF found in a recent report, Beacon Hill withdrew or transferred $2.2 billion from the stabilization fund to spend on — well, whatever struck their fancy. That was well after tax revenues were on the rebound, and it helped create the structural deficit that Baker and Administration and Finance Secretary Kristen Lepore are now laboring to eliminate.
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The state of solar in Melrose and beyond

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Feb 1 2016

By Aaron Leibowitz, Melrose Free Press

The bill now sits in the Joint Committee on Telecommunications, Utilities and Energy, which continues to hear testimony from scores of witnesses on all sides of the issue, from National Grid to Massachusetts Taxpayers Foundation and dozens of renewable energy proponents.
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The state of solar energy in Massachusetts, Medford

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Jan 28 2016

By Aaron Leibowitz, Medford Transcript

The bill now sits in the Joint Committee on Telecommunications, Utilities and Energy, which continues to hear testimony from scores of witnesses on all sides of the issue, from National Grid to Massachusetts Taxpayers Foundation and dozens of renewable energy proponents

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Gov. Charlie Baker's proposed $39.5B budget shows 3.5 percent increase, but no tax or fee hikes

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Jan 27 2016

By Shira Schoenberg, MassLive

Eileen McAnneny, president of the fiscally conservative Massachusetts Taxpayers Foundation, commended Baker for making progress toward reducing the structural deficit, although she said she would have liked to see him be even more aggressive with funding the rainy day fund.
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Baker’s $39.6B Budget Invests In Education And Opioid Abuse

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Jan 27 2016

By Jim Levulis, WAMC Public Radio

But, the Massachusetts Taxpayers Foundation says the fiscal 2017 budget deficit could reach $900 million, according to President Eileen McAnneny. “Spending has outpaced revenue.” McAnneny said. “Our revenue growth has been healthy, about $1.1 billion year over year, but some needs and programs – particularly MassHealth – that growth is outpacing revenue growth.”
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Baker diverts $150m from rainy day fund

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Jan 27 2016

By Bruce Mohl, CommonWealth Magazine

CommonWealth reported in September that the amount of money in the state’s rainy day fund had fallen by 28 percent over the last four years even as state tax revenues grew 17 percent.
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Gov. Baker's 2017 budget to increase aid to cities, towns

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Jan 27 2016

By Christian Wade, Gloucester Times

While the state expects more than $1.1 billion in additional tax revenues in the coming fiscal year, the Massachusetts Taxpayers Foundation points out that more than half is already spoken for — by pensions, reserves and other spending priorities.
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Baker To File 2017 Budget Blueprint With Legislature

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Jan 27 2016

By Bob Salsberg, AP / WBZ

he Massachusetts Taxpayers Foundation said in a briefing paper this week that the state faces a fiscal 2017 structural deficit of between $700 million and $900 million.
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Baker budget vows lots of level funding

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Jan 27 2016

By Matt Murphy, State House News Service / The Lowell Sun

According to the Massachusetts Taxpayers Foundation, the fiscal 2016 state budget relied on $629 million in one-time solutions to close a structural budget gap, including $300 million by diverting capital gains taxes earmarked for reserves to the general fund, $100 million from a corporate tax amnesty program and $116 million in deferred MassHealth expenses.
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Budget Watchdog Says Massachusetts Could Face $900 Million Shortfall

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Jan 26 2016

By Paul Tuthill, WAMC Public Radio

This morning, Eileen McAnneny, President of the business-backed Massachusetts Taxpayers Foundation, discussed the state’s fiscal health at a roundtable sponsored by the Springfield Regional Chamber of Commerce.
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MBTA fare increases contrary to no new fee policy?

Jan 25 2016

By Andy Metzger, State House News Service / WBJournal

"A fare is just a more specific type of fee. It's the price you pay to ride something," said Massachusetts Taxpayers Foundation President Eileen McAnneny. She distinguished MBTA fares from other government charges, noting the agency has its own budget and sets its own fares, similar to how the University of Massachusetts sets tuition.
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With Baker set to file budget, Massachusetts finances seen as tight

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Jan 23 2016

By Bob Salsberg, AP / The Berkshire Eagle

But a recent analysis by the nonpartisan Massachusetts Taxpayers Foundation shows that much of that increase is already spoken for. By law, the state would be required to set aside $356 million in capital gains revenue for the rainy day fund; $197.2 million for the state's pension fund; $63.2 million for the Massachusetts School Building Authority; and $15.8 million for the MBTA.
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'Millionaires' tax' raises questions of fairness, business practices, transit needs at Statehouse hearing

Jan 20 2016

By Shira Schoenberg, MassLive

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said that means the money from the new tax will be deposited into the state's general fund, and lawmakers will decide where it goes.
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Both sides clash on wealth-tax proposal

Jan 20 2016

By Colin Young, State House News Service / The Lowell Sun

"The money from this new marginal tax will be deposited into the general fund like all other tax revenue and used by the Legislature as it deems appropriate," said Massachusetts Taxpayers Foundation President Eileen McAnneny, who testified against the amendment. "With all the competing demands on revenue, it's not certain that the money will go for new transportation or education investments."
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Average homeowner in Mass. to see taxes rise 4%

Jan 18 2016

By Matt Rochelau, The Boston Globe

“Most communities raise taxes . . . despite the fact that property values may have gone down or inflation may have been nonexistent,” said Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation.
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Gov. Baker gears up for State of Commonwealth address

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Jan 16 2016

AP / The Lowell Sun

The business-backed Massachusetts Taxpayers Foundation has forecast a slowdown in tax revenues in the 2017 fiscal year that begins July 1, with collections increasing by just 3.8 percent -- below the past five-year trend of 4.6 percent annual growth.
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Budget officials see 4.3% revenue growth ahead

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Jan 15 2016

By Matt Murphy, State House News Service / The Lowell Sun

The Massachusetts Taxpayers Foundation has projected a gap between available revenues and maintenance spending in fiscal 2017 of between $795 million and $1.05 billion. The business-backed budget watchdog group had projected more modest 3.8 percent revenue growth at the hearing in December.

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Baker on right spending path for state's health

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Jan 13 2016

The Daily News

Indeed, the Massachusetts Taxpayers Foundation, a top fiscal watchdog, warned late last year that the Legislature earns a “red flag” for repeatedly raiding the state’s “rainy day” fund. That fund is meant to prop up the state during serious economic downturns; it’s not meant to be tapped when the economy is in recovery.
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Editorial: Emergency spending cuts wise fiscal management

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Jan 12 2016

The Lawrence Eagle Tribune

But here's the thing that should make taxpayers think twice: The state is making emergency cuts even as it is taking in more tax revenue than expected. In essence, the state is making more money than it hoped for and it still can't pay the bills. According to the Massachusetts Taxpayers Foundation, the last time that happened was 2001.
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Mass. sees $50 million budget cut

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Jan 10 2016

State House News Service / The Metro

The Massachusetts Taxpayers Foundation noted the cuts announced Friday were the first emergency budget cuts since 2001 triggered by downgrade in non-tax revenues as tax revenues were actually being upgraded. "While today's plan addresses $104.9 million of the administration's estimated FY 2016 budget gap, fiscal challenges remain. Outstanding spending obligations in areas such as the Committee for Public Counsel Services, Emergency Assistance and MassHealth coupled with savings shortfalls from Retirement Program are among the exposures that present ongoing budget challenges," the group wrote in its analysis of the spending cuts.

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Governor Charlie Baker shaves $49m off budget

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Jan 9 2016

By David Scharfenberg, The Boston Globe

On Friday, Eileen McAnneny, president of the Taxpayers Foundation, praised the governor for his midyear cuts. “We applaud the Baker administration for taking this proactive approach to the budget gap,” she said. “Challenges remain, but without today’s action, the decisions in the months to come would be even harder.”
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Baker slashes $54M from this year’s budget to help close gap

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Jan 9 2016

By Matt Stout, The Boston Herald

But the Massachusetts Taxpayers Foundation, a business-backed watchdog, warned that even with the total $104.9 million budget-tightening plan, challenges remain, thanks in part to signs that Baker’s early retirement plan hasn’t reaped all the savings he’d hoped for. MTF also called the cuts “unique,” given tax revenues are actually exceeding expectations by $113 million. But roughly $205 million in the budget gap is tied to shortfalls in non-tax revenue, said Secretary of Administration and Finance Kristen Lepore, while another chunk comes from expenses such as private attorney costs, human service caseload “exposures” and settlement money.

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Gov. Charlie Baker cuts $50 million from state budget mid-year

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Jan 9 2016

By Shira Schoenberg, MassLive

Mid-year budget cuts are common, as projections of revenue and spending are tracked and revised throughout the year. According to the Massachusetts Taxpayers Foundation, which tracks government spending, there have been seven instances of mid-year budget cuts since fiscal year 2002.

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Baker slashes $50M in spending

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Jan 8 2016

By Matt Murphy, CommonWealth Magazine / State House News Service

The Massachusetts Taxpayers Foundation noted the cuts announced Friday were the first emergency budget cuts since 2001 triggered by downgrade in non-tax revenues as tax revenues were actually being upgraded.
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Editorial: Baker is right on need for fiscal discipline

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Jan 7 2016

The Lawrence Eagle Tribune

This year's budget picture looks equally stark, Wade reports. The fiscal watchdog Massachusetts Taxpayers Foundation is projecting a $1 billion shortfall due to increased health care costs and the state's reliance on one-time revenue, such as federal money.
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Baker expects battles over budget, energy in Massachusetts

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Jan 6 2016

By Christian Wade, Kokomo Tribune

This year's budget picture looks equally stark. The fiscal watchdog Massachusetts Taxpayers Foundation is projecting a $1 billion shortfall due to increased healthcare costs and the state’s reliance on one-time revenue, such as federal money.
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Riders Rankled by MBTA Overtime

Jan 6 2016

By Peter Howe, NECN

Fiscal watchdogs like Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, call that effort critical, especially with a fare increase looming. “It's going to take a while to fix but they really have to, before they go to riders and ask for more money and increase fares, I think it's clearly critical that they make sure that they take care of some of those issues and certainly overtime is one of them,’’ McAnneny said in an interview Tuesday afternoon.

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Gov. Baker expects battles over budget, energy

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Jan 6 2016

By Christian Wade, The Lawrence Eagle Tribune

This year's budget picture looks equally stark. The fiscal watchdog Massachusetts Taxpayers Foundation is projecting a $1 billion shortfall due to increased healthcare costs and the state’s reliance on one-time revenue.

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Gov. Baker Enjoys High Approval Rating Despite Challenges In First Year

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Dec 31 2015

By Jim Levulis, WAMC Public Radio

Dukakis, a Democrat, made those comments to WAMC during an event in North Adams in December. In response, the MassGOP called Dukakis’s claim faulty, pointing to the budget deficits left by Governor Patrick. A report from the Massachusetts Taxpayers Foundation in December warned of a budget gap of roughly $1 billion.
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‘Really hard choices’ ahead as state faces $1 billion budget shortfall

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Dec 23 2015

By Eric Levenson, The Boston Globe

Although the state could see tax revenue increases of about $1 billion, The Massachusetts Taxpayers Foundation says increasing health care costs and the reliance on one-time funds could mean that the state faces a significant shortfall come budget time.
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Mass. Budget Watchdog Warns Of Possible $1B Shortfall

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Dec 23 2015

WBUR

A fiscal watchdog group in Massachusetts is warning of a budget gap of up to $1 billion in the next fiscal year. Foundation President Eileen McAnneny told WBUR’s Newscast Unit that while the state has faced similar gaps before, its options — particularly in tapping into such one-time resources — are now limited.
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With A Possible $1 Billion Deficit Looming, Gov. Charlie Baker Faces An Interesting 2016

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Dec 23 2015

By Mike Deehan, WGBH

The Massachusetts Taxpayers Foundation estimates Baker and his budget writers will have to fix a structural deficit of between $800 million and $1 billion dollars when Fiscal Year 2017 starts in July. "We're facing a sizable budget gap and some of the ways we've used to close the budget in the recent past aren't on the table," Eileen McAnneny, the Taxpayer Foundation's president told WGBH News.
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Charlie Baker is a very popular work in progress

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Dec 23 2015

By Shirley Leung, The Boston Globe

“Sometimes you have to be willing to say no. That is a big part of governing,” said McAnneny, president of the Massachusetts Taxpayers Foundation, a fiscal watchdog group. “Everyone wants to be able to have signature projects. If you don’t have money, it makes governing less fun.”
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Watchdog says state may face $1 billion budget gap

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Dec 23 2015

By Joshua Miller, The Boston Globe

State officials are warning of tough spending decisions ahead, as a top Beacon Hill watchdog cautioned Tuesday that Massachusetts could face a $1 billion budget gap in the upcoming fiscal year. Though the economy and tax revenue continue to grow at a steady clip, the state faces a twofold challenge: ballooning costs for health care and other needs that are colliding with years of one-time fiscal gimmicks, the business-backed Massachusetts Taxpayers Foundation said.
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Editorial: Budget blues linger

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Dec 21 2015

The Boston Herald

The Massachusetts Taxpayers Foundation has projected 3.8 percent growth in tax revenue in the fiscal year that begins next July 1, or about $980 million more than the state is expected to collect this year. Other predictions have varied slightly.
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Town officials seek to curb costs in 2016

Dec 18 2015

By Kathryn O’Brien, Tr-Town Transcript

The Massachusetts taxpayers foundation recommends that the only way to lower costs is “to lower our head count,” said Alan Benson. “That’s the only way to get ahead of this. Decreases salaries, OPEB and pension, says the Taxpayers Foundation
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Boston hikes age to buy tobacco to 21

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Dec 18 2015

AP / The Lawrence Eagle Tribune

In the last fiscal year, a cigarette excise tax raised $510 million for the state's general fund. About $136 million went to the state's health connector to help provide subsidized health care coverage, according to the Massachusetts Taxpayers Foundation.
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Mass. on track to hit debt ceiling for first time

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Dec 16 2015

State House News Service / WBJournal

"Massachusetts is a high debt state and has been for quite a while. Lawmakers took some steps three years ago when they reduced the debt limit aware of that and trying to reduce our overall debt burden," Massachusetts Taxpayers Foundation President Eileen McAnneny said.
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Massachusetts tax revenues expected to grow by around 4 percent in 2017, economists say

Dec 16 2015

By Shira Schoenberg, MassLive

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, urged lawmakers to balance the budget without using one-time revenues and to put more money into the state's rainy day fund, a reserve available in case of fiscal crisis.
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Favorable Mass. taxes a factor in GE’s hunt

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Dec 11 2015

By Jon Chesto, The Boston Globe

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said Connecticut lawmakers earlier this week tempered one of the big tax changes that had angered GE in June, when Immelt went public with his desire to relocate.
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Undocumented Students: A Teacher's Perspective

Dec 10 2015

By Nancy Barile, The Huffington Post

A Boston Globe article noted that a 2011 Massachusetts Taxpayers Foundation report estimated that permitting the approximately 910 undocumented students who graduate from Massachusetts high schools each year to attend state colleges at in-state tuition rates could generate new revenues upwards of $7 million dollars (Boston Globe).
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Pew credits rainy-day fund limits in wake of MTF report

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Dec 9 2015

By Katie Lannan, State House News Service / The Lowell Sun

Last month, the Massachusetts Taxpayers Foundation (MTF) called for the state to focus on rebuilding its reserves, warning that the practice of drawing from the fund to pay operating expenses could leave the state ill-equipped to weather a future economic downturn.
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Massachusetts Municipal Revenue Growth Lags

Dec 8 2015

By Paul Tuthill, WAMC Public Radio

A new report finds that even as the overall economy improves, cities and towns in Massachusetts are feeling a financial pinch. The Massachusetts Taxpayers Foundation released its 45th annual municipal finance report.
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Local tax revenues slow to rise

Dec 6 2015

AP / The Boston Globe

A new report by the Massachusetts Taxpayers Foundation finds that even as the overall economy improves, the state’s cities and towns are still feeling plenty of financial strain. Municipal revenues grew by a modest 3.8 percent in the last fiscal year, a figure that remains below historical averages prior to the recent recession.
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Report: Cities and towns still feeling financial pinch

Dec 6 2015

AP / The Boston Herald

The Massachusetts Taxpayers Foundation released its annual municipal financial report this week, saying municipal revenues grew by a modest 3.8 percent in the last fiscal year, a figure that remains below historical averages prior to the Great Recession.
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Editorial: Local tax take soars but is still not enough

Dec 3 2015

The Lawrence Eagle Tribune

Municipalities claim their revenue growth is insufficient to keep up with "fixed cost" increases. The MTF report says Bay State cities and towns are "stuck in an era of modest rebound" as the revenue increase remains below the benchmark of 5.2 percent annual revenue growth recorded between 1982 and 2009.
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Backers Of Proposed Tax Hike On Massachusetts Millionaires File Signatures

Dec 3 2015

By Paul Tuthill, WAMC Public Radio

The state’s finances have been under fire recently from Wall Street bond rating agencies and a Beacon Hill watchdog group, the Massachusetts Taxpayers Foundation, which flagged the state’s high level of debt, unfunded pension liabilities, and the use of cash reserves to cover budget gaps
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Property tax revenues grow, but communities still need more money

Dec 2 2015

By David McKay, WWLP

The Massachusetts Taxpayers Foundation recently came out with a report saying that the states, cities, and towns are stuck in an era of modest rebound. Yet the average salary of a municipal worker has grown as has the workforce. At the same time cities and towns face a collective $45 billion in unfunded pension and retiree health care liabilities, which is affecting spending decisions.
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Our view: The time to replenish rainy day fund is now 0

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Dec 2 2015

The Daily News

Between fiscal 2013 and fiscal 2015, while the state’s unemployment rate was dropping from 7.2 percent to 4.6 percent, the Legislature moved a “staggering” $2.2 billion from the rainy day fund to cover operating expenses, according to the MTF report.
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Editorial: Spending like there's no tomorrow

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Dec 2 2015

The Lawrence Eagle Tribune

The move by the bond rating agency should not have come as a surprise. Earlier last month, the Massachusetts Taxpayers Foundation released a report urging lawmakers to address the health of the rainy day fund, which at $1.2 billion still falls short of its pre-recession levels.
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Massachusetts’ credit outlook downgraded to negative

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Dec 1 2015

By David McKay, WWLP

A Massachusetts Taxpayers Foundation Report says that between 2013 and 2015 lawmakers diverted a total of $2.2 billion from the stabilization fund to pay operating expenses.
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Massachusetts property tax revenue rises 4.1 percent, most in five years

Dec 1 2015

By Michael Norton, State House News Service / The Enterprise

The Massachusetts Taxpayers Foundation concluded in its annual municipal financial data report that Bay State cities and towns are "stuck in an era of modest rebound." Overall, total municipal revenues grew by 3.8 percent.
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Massachusetts, Like Boston, Weighs Raising Legal Age for Buying Cigarettes to 21

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Nov 28 2015

By Bob Salsberg, AP / The New York Times

In the last fiscal year, the cigarette excise tax raised $510 million for the state’s general fund, and $136 million went to the state’s health connector to help provide subsidized health care coverage, according to the Massachusetts Taxpayers Foundation.
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Bay State's credit outlook downgraded

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Nov 25 2015

By Matt Murphy, State House News Service / The Lowell Sun

The Massachusetts Taxpayers Foundation (MTF) this month warned against the continued use of state stabilization fund resources to pay operating expenses during an economic recovery. The practice, according to an MTF report, is setting the state up to lack the funds required to address the next recession, when demand for public services will rise just as tax revenues slow or even decrease.
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Massachusetts Credit Outlook Downgraded

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Nov 24 2015

By Paul Tuthill, WAMC Public Radio

It echoes concerns raised recently by Eileen McAnneny of the Massachusetts Taxpayers Foundation over Beacon Hill’s practice of using the rainy day fund to fill gaps in the state budget. " We don't have a sufficient balance in our rainy day fund to withstand the next economic downturn or challenge," McAnneny said in a recent interview.
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Baker, Patrick administrations play blame game

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Nov 24 2015

By Bruce Mohl, CommonWealth Magazine

According to a report issued earlier this month by the Massachusetts Taxpayers Foundation, the state budget over the last three years was balanced with a total of $2.2 billion in transfers or diversions from the stabilization fund, causing a $403 million, or 25 percent, reduction in the fund’s overall balance.
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S&P lowers Mass. outlook to negative

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Nov 23 2015

By Bruce Mohl, CommonWealth Magazine

The Massachusetts Taxpayers Foundation issued a report earlier this month warning that the rainy day fund had a balance equal to 3 percent of state spending, which was comparable to low points following the 2002 and 2008 recessions. The foundation said credit rating agencies prefer a balance equal to at least 5 percent, which would be about $2.5 billion to $3 billion.
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Business groups make last-minute lobbying push to limit solar incentives

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Nov 18 2015

By Jon Chesto, The Boston Globe

But business groups including the Associated Industries of Massachusetts, the Greater Boston Chamber of Commerce, and the Massachusetts Taxpayers Foundation distributed a letter to House members on Tuesday, saying the newly written bill from the House Ways and Means Committee is beneficial for ratepayers and the state’s economic health.
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Editorial: Pretend it’s raining

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Nov 12 2015

The Boston Herald

The report recommends that the state increase the stabilization fund balance within five years, to 10 percent of annual state tax revenues, which for fiscal 2016 would be about $2.5 billion — about where the fund was before the Great Recession.
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Watchdog Group Warns Mass. Has Spent Too Much From Its ‘Rainy Day Fund’

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Nov 10 2015

WBUR

The Massachusetts Taxpayers Foundation, the independent fiscal watchdog group behind the report, says the state’s draining of the fund is eroding financial security necessary to weather a recession. The group is calling for lawmakers on Beacon Hill to work toward doubling the size of the fund.
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Taxpayers Foundation Urges Replenishing Massachusetts Cash Reserves

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Nov 10 2015

By Paul Tuthill, WAMC Public Radio

A Beacon Hill watchdog group is sounding an alarm about Massachusetts’ so-called “rainy day fund.” A new report from the Massachusetts Taxpayers Foundation warns the stabilization fund has been spent down considerably over the last three fiscal years to pay for ordinary expenses in the state budget.
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$2.2b taken from Mass. rainy day fund over 3 years

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Nov 9 2015

By Joshua Miller, The Boston Globe

The business-backed Massachusetts Taxpayers Foundation says that despite a growing economy, legislators have spent billions taken or diverted from the state’s emergency savings account. Also known as the stabilization fund, that reserve is meant to be just-in-case money used to protect state services when the economy tanks.
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Massachusetts Taxpayers Foundation says state's rainy day fund is insufficient

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Nov 9 2015

By Shira Schoenberg, The Republican

A new report to be released Tuesday by the Massachusetts Taxpayers Foundation said the state does not have enough money in its rainy day fund in case of another economic downturn. The independent fiscal watchdog group, which is business-funded, argued that the state should put more money into the state's fiscal stabilization fund each year.
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Report: Mass. at risk due to draining of state rainy day fund

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Nov 9 2015

By Michael Norton, State House News Service / WWLP

In a new report, the Massachusetts Taxpayers Foundation warns against the continued use of state stabilization fund resources to pay operating expenses during an economic recovery. The practice, according to the report, is setting the state up to lack the funds required to address the next inevitable recession, when demand for public services will rise just as tax revenues slow or even decrease.
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City Council may have to take public stand on raise

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Oct 28 2015

By Andrew Ryan, The Boston Globe

Eileen P. McAnneny, president of the Massachusetts Taxpayers Foundation, urged councilors to get input directly from voters, perhaps through a referendum. That could create a mechanism to eliminate the need for councilors to vote on their own pay. “It requires a lot of up-front input,” McAnneny said. “But you only have do it once.”
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Baker's budget chief drops revenue expectation by $145 million

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Oct 15 2015

By Michael Norton, State House News Service / The Berkshire Eagle

Massachusetts Taxpayers Foundation President Eileen McAnneny said the revenue revision was a "prudent move," noting it was preceded by a roughly $360 million shortfall in state departmental revenue in fiscal 2015. "It would be a great improvement if we had better data with respect to the departmental revenue," she said.
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Sliver of gas tax indexing survived repeal effort

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Oct 13 2015

State House News Service / WBJournal

"It's a drop in the bucket," said Massachusetts Taxpayers Foundation President Eileen McAnneny. Using back-of-the-envelope math, McAnneny said the increase would add up to less than a dollar per driver.
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State’s rainy day fund has dwindled over past decade

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Oct 4 2015

By Joshua Miller, The Boston Globe

“There’s going to be an economic downturn. Due to the cyclical nature of our economy, it’s not a question of if, it’s when. And if the downturn were to occur in the short-term, we’re inadequately prepared,” said Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation, a top fiscal watchdog
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Commuter tax eyed by state

Sep 19 2015

By Christian Wade, NewburyPort Daily News

Andrew Bagley, research director of the Massachusetts Taxpayers Foundation, argues that the state's gas tax remains a viable source of funds for transportation, but the levy needs to be increased to keep up with the state's needs. "But that's going to be a real challenge for the state's leaders," he said.
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How Boston Defeated its Version of the Cloud Tax

Sep 16 2015

By Will Flanagan, ChicagoInno

While Cardarella's group was representing the collective outrage of the tech community, business organizations like the Massachusetts Taxpayers Foundation (MTF) and the Massachusetts High Technology Council were fighting on behalf of the effort. For the MTF, former president Michael Widmer was an early, vocal opponent of the tech tax.
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Rainy day blues

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Sep 10 2015

By Bruce Mohl, CommonWealth Magazine

Andrew Bagley, the vice president for policy and research at the Massachusetts Taxpayers Foundation, says what’s happened to the state’s stabilization fund over the last four years is troubling. “This trend is worrying due to the state’s reliance on one-time revenues in the middle of an economic recovery,” he said in an emailed statement.
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Charlie Baker seeks aggressive steps to address high power costs

Sep 10 2015

By Jon Chesto, The Boston Globe

Baker said aggressive steps need to be taken to address the high costs of power in Massachusetts, a problem that constituents regularly raise with him. A report released Wednesday by the Massachusetts Taxpayers Foundation said Massachusetts industrial customers pay the third-highest electric rates in the country, after Hawaii’s and Alaska’s.
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Report: Cost of doing business high in Bay State

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Sep 9 2015

By Marie Szaniszlo, The Boston Herald

The cost of doing business in Massachusetts, particularly outside the Greater Boston area, is high compared to other parts of the country and threatens the overall competitiveness of the state, according to a new report.
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Business costs remain high statewide, but state’s regional economic disparity grows

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Sep 9 2015

By Jon Chesto, The Boston Globe

“While the Boston economy may be able to absorb some of the higher costs, that may not be the case in Franklin County,” McAnneny said. “If you’re a business looking at Massachusetts, it’s important to look at different parts of the state because the wages may vary, absolutely. But some of the other cost components are high.”
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Business group says Massachusetts falling behind competitively

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Sep 9 2015

By Eric Convey, Boston Business Journal

"Massachusetts has made few gains over the past decade in bringing the cost components of doing business in line with other states and, in some instances, we have fallen farther behind," Foundation President Eileen McAnneny wrote in a letter accompanying the report's release.
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MTF CHIEF SEES LITTLE PROGRESS IN ADDRESSING BUSINESS COSTS

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Sep 9 2015

By Katie Lannan, State House News Service

"Massachusetts has made few gains over the past decade in bringing the cost components of doing business in line with other states and, in some instances, we have fallen farther behind," Massachusetts Taxpayers Foundation President Eileen McAnneny said during a presentation of the report at Suffolk Law School Wednesday.
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State officials: Too early to worry about capital gains

Aug 26 2015

By Andy Metzger, State House News Service / The Lowell Sun

Facing a midyear budget deficit, lawmakers and Gov. Charlie Baker in February rerouted those excess capital-gains revenues into the general fund. Massachusetts Taxpayers Foundation President Eileen McAnneny said fiscal 2015 capital-gains tax revenues have come in at about $1.6 billion, exceeding the amount anticipated from the February change.

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Manzi makes taxes the issue in Beverly

Aug 20 2015

By Nelson Benton, The Salem News

ccording to the latest Massachusetts Taxpayers Foundation survey of municipal financial data, the comparative tax bill for owners of a single-family home in Beverly ($5,031) stacked up pretty well against the state average of $5,257 and those in the surrounding communities of Salem ($5,944) and Danvers ($5,276).
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