In The News: Budget

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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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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. Predicting "strong debate" on the hospital assessment, MTF said the levy "may prove to be controversial and meet with resistance from legislators representing providers with large net assessments," but noted that lawmakers would need to find $73.5 million in savings or budget cuts for fiscal 2017 if they don't agree to Baker's plan.
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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 systems.
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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. "In order to balance the budget sometimes funds may be funded a little bit less than they need to be with the expectation that in the middle of the year there may need to be some corrections," she said.
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