In The News: Budget

View more in Budget

Analysts expect state budget woes to continue

in

Jan 22 2015

By Bob Salsberg, AP / South Coast Today

"It's alarming that even with employment gains and a healthier economic climate, the state faces a monumental budget shortfall in fiscal 2015 and substantial challenges in 2016," said Andrew Bagley, director of research and public affairs for the Massachusetts Taxpayers Foundation, a business-backed fiscal watchdog group.
Full article
Forward to a friend

Experts: Growth will mean $1B more in taxes for budget

in

Jan 22 2015

By Matt Murphy, State House New Service / WWLP

Andrew Bagley, research director of the Massachusetts Taxpayers Foundation, projected that tax revenues this year, which are trending $18 million below estimates, would come in $95 million above benchmarks by the end of the year, representing 4.4 percent growth. For fiscal 2016, Bagley estimated a similar 4.5 percent rate of growth, or $1.1 billion, for a total of $25.5 billion in tax revenues.
Full article
Forward to a friend

Economists anticipate moderate growth in Massachusetts tax revenue next year

in

Jan 22 2015

By Shira Schoenberg, Masslive

But the additional revenue does not mean budget writers will have an easy job. Andrew Bagley, director of research and public affairs for the Massachusetts Taxpayers Foundation, warned that increases in spending for Medicaid, pensions and retiree health care, along with spending for debt owed through the MBTA and School Building Authority "will consume most, if not all, of the $1.1 billion in new tax revenues."

Full article
Forward to a friend

Baker Says Massachusetts Faces Large Budget Gap

in

Jan 22 2015

By Paul Tuthill, WAMC

After Baker’s election last November, the administration of former Gov. Deval Patrick revealed the state was facing a budget gap which was projected at $329 million. A month later, the Massachusetts Taxpayers Foundation estimated the budget gap at $750 million, which was strongly refuted by the Patrick administration.
Full article
Forward to a friend

If economy is humming, why does Mass. show a deficit?

in

Jan 22 2015

By Joshua Miller, The Boston Globe

“If we had really robust revenue growth on a great recovery, some of these problems disappear,” said Andrew C. Bagley, who directs research at the Taxpayers Foundation. “But we haven’t seen it.”
Full article
Forward to a friend

Playing the hand he was dealt

in

Jan 22 2015

The Lowell Sun

Baker's figure is in line with the Massachusetts Taxpayers Foundation, a nonpartisan research group, which has warned for months that Patrick's numbers significantly underestimated the severity of the situation.
Full article
Forward to a friend

Obamacare costs could boost $765M budget deficit

in

Jan 21 2015

By Matt Stout, The Boston Herald

“That’s the big unknown that they might not be able to get their hands on until mid- to late March,” said Andrew Bagley of the Massachusetts Taxpayers Foundation, adding that the state could “easily” have at least 100,000 more enrollees in Medicaid than it budgeted for when enrollment wraps Feb. 15. The impact, he said, could mean heavy cuts in health and human services, the state’s largest secretariat, as well as others in higher education and public safety.
Full article
Forward to a friend

Baker cites $765 million budget shortfall

in

Jan 20 2015

By Joshua Miller, The Boston Globe

Andrew C. Bagley, who directs research at the business-backed Massachusetts Taxpayers Foundation, said there is “no way” the administration will be able to find $765 million “in new revenues and fees. They’ll have to cut spending.” Given that a large chunk of the budget is taken up by items considered nondiscretionary costs, such as Medicaid, he expected hundreds of millions of dollars in cuts to be aimed at areas such as “higher education, human services, and public safety.”
Full article
Forward to a friend

Will Charlie Baker’s Management Skills Be Enough?

in

Jan 20 2015

By Mara Dolan, WGBH

The Massachusetts Taxpayers Foundation (MTA), which generally opposes tax increases, supported the gas tax indexing and for good reason. Then MTA President Michael Widmer said, in an interview last fall for The Republican, “They’re going to find out quite quickly they don’t have enough money to fund basic maintenance of roads and bridges, never mind expansion.”
Full article
Forward to a friend

A fiscal diplomat

in

Jan 19 2015

The Lowell Sun

Widmer, 75, recently retired from the research group. For more than two decades, he kept state leaders, legislators and business people on their toes. He scrutinized state budgets with a fiscally conservative bent, and backed up MFA's analyses with calm and credible force.
Full article
Forward to a friend
See our site policy on external link content.