Fiscal watchdogs, including Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, have cautioned against raiding the rainy day fund when the state’s economy is not in recession. "Clearly there are signs there could be some slowdown. We want to heed those signs.
By Michael Norton, State House News Service / WCVB
"I think the UK's withdrawal from the European Union is sending shockwaves throughout the Massachusetts economy in ways that we can't even begin to realize," Massachusetts Taxpayers Foundation president Eileen McAnneny told the News Service Friday afternoon. "There are profound impacts on the budget.
“The UK’s withdrawal from the EU may send shock waves through the Massachusetts economy in numerous ways that we can’t fully anticipate, with potentially profound effects on the Massachusetts budget, a scenario for which we are ill-prepared,” said Eileen McAnneny, who leads the Massachusetts Taxpayers Foundation.