In The News: Budget

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Worried about state budget cuts? Next year may be worse

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Feb 9 2015

By Shira Schoenberg, Masslive

The administration has not yet estimated the size of that gap. But Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, a business-oriented fiscal policy group, estimated that the Baker administration will face a $1.5 billion gap between the revenues that are coming in and the amount of money needed to maintain current services. "It's a significant gap," McAnneny said.
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Group forecasts bleak financial future

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Feb 6 2015

By Jason Protami, South Coast Today

“I think the long-term issue is one of the most significant facing municipalities in Massachusetts,” said Carolyn Ryan, assistant director of policy and research for the Massachusetts Taxpayers Foundation. “It’s something where these costs are going to continue to build over time and are going to erode resources available for other important services. The longer you take to address them, the bigger the problem can become.”
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Baker budget fix features $514M in spending cuts

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Feb 4 2015

By Gintautas Dumcius and Michael Norton , State House News Service / Nashoba Publishing

Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation, said Baker's plan is "probably the most reasonable way to go forward." Because the plan relies on one-time solutions, she said, a structural deficit looms in fiscal 2016, which starts in July. Baker's proposed fiscal year 2016 budget -- his first as governor -- is due by March 4. McAnneny said the structural deficit is "sizable," though the exact amount is unclear.
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Spending cuts, new revenue included in Gov. Charlie Baker's 2015 budget fix

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Feb 3 2015

By Shira Schoenberg, Masslive

Massachusetts Taxpayers Foundation President Eileen McAnneny said given the difficulty of cutting spending mid-year, a proposal that includes a mix of spending and revenue seems like a "reasonable solution."
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Gov. Baker Eyes Capital Gains Tax Revenues To Fix Budget Gap

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Feb 2 2015

By Steve LeBlanc, AP / WBUR

Andrew Bagley, director of research and public affairs for the Massachusetts Taxpayers Foundation, said at the time that he believed only $122 million in capital gains taxes would be available for deficit reduction.
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Agreement reached on 4.8 percent revenue growth forecast

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Jan 30 2015

By Gintautas Dumcius, State House News Service / WWLP

The governor has been focused on developing a fix anticipated early next week for an estimated $765 million deficit in the fiscal 2015 budget. The Massachusetts Taxpayers Foundation projected tax revenues for fiscal year 2015 would come in $95 million above the revised consensus revenue estimate, a 4.4 percent increase for the year.
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Western Mass. Lawmakers Weigh In On State Budget Gap

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Jan 26 2015

By Jim Levulis, WAMC

After November’s election, Patrick’s administration said the state was facing was a $329 million budget gap. A month later, the Massachusetts Taxpayers Foundation estimated the budget gap was $750 million, a number strongly refuted by the Patrick administration.
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BAKER SAYS DEFICIT IS $765 MILLION

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Jan 26 2015

By Bob Katzen, The Lowell Sun

Gov. Charlie Baker said his aides have crunched the numbers and he projects a $765 million budget deficit for the current fiscal year that ends June 30. That is considerably more than the $329 former Gov. Deval Patrick predicted prior to leaving office. The Massachusetts Taxpayers Foundation's estimate is even higher. It recently predicted a $1 billion deficit. Baker has said he will not support any new taxes, tax hikes or local aid cuts to close the gap.
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Baker: Health care biggest driver of $765M budget gap

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Jan 26 2015

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

In December, Patrick's secretary of administration and finance, Glen Shor, disputed an analysis by the Massachusetts Taxpayers Foundation alleging a deficit significantly larger than the $329 million problem flagged by Patrick's team right after the November elections.

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Analysts expect state budget woes to continue

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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.
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