In The News: Budget

View more in Budget

Baker: September revenue performance holds key to mid-year budget adjustments

in

Sep 12 2016

By Katie Lannan, State House News Service / WWLP

Lawmakers voted to override $231.6 million of Baker’s vetoes, leaving what the Massachusetts Taxpayers Foundation pegged as an early $240 million gap in the budget.
Full article
Forward to a friend

State officials: August tax collections fall $42M under benchmark

in

Sep 6 2016

By Matt Murphy, State House News Service / The Berkshire Eagle

On July 8, Baker issued $264 million in line item vetoes and signed a $38.92 billion fiscal 2017 budget that he said solved for the declining revenue projections, but the Legislature restored $231.6 million in spending through veto overrides votes, leaving what the Massachusetts Taxpayers Foundation pegged as an early $240 million gap in the budget.
Full article
Forward to a friend

State revenue growth is slower than expected

in

Sep 6 2016

By Joshua Miller, The Boston Globe

“These August numbers now reflect five consecutive months of softening revenue, indicating more of problematic trend than an aberration,” said Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation. She emphasized that many states are struggling with similar trends. And she said the newly released data underscore the fact that economic health is not the same as fiscal health. McAnneny said they call into question “whether this revenue slowdown, despite the healthy job-creation numbers, could be symptomatic of a broader economic slowdown.
Full article
Forward to a friend

Mass. budget gap has no easy fixes

in

Aug 24 2016

By Josh Miller, The Boston Globe

And policy makers have, budget after budget, used quick fixes instead of making tough choices. They’ve diverted and drained billions meant for the state’s emergency savings account. They’ve put off until next year bills that were meant to be paid this year. They’ve used money meant for pensions and retiree health care to plug short-term budget holes. And they’ve repeatedly made unrealistically optimistic projections that allow them to balance budgets at the cost of burdening future lawmakers. “Now, we’re running out of gimmicks,” said Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation.
Full article
Forward to a friend

Final state budget shaved by almost $630 million from earlier projections

in

Aug 17 2016

By Colin A. Young, State House News Service / Sentinel & Enterprise

On July 8, Baker issued $264 million in line item vetoes and signed a $38.92 billion fiscal 2017 budget that he said solved for the declining revenue projections, but the Legislature restored $231.6 million in spending through veto override votes leaving what the Massachusetts Taxpayers Foundation pegged as an early $240 million gap in the budget.
Full article
Forward to a friend

Economists stumped by strong state economy, weak state revenues

in

Aug 13 2016

By Gerry Tuoti, Arlington Wicked Local

A month into fiscal 2017, some economists are keeping an eye out for signs of a funding crisis like the one that hit Massachusetts this past spring. “We will monitor to see if some sort of trend is developing,” said Andy Bagley, vice president of policy and research for the nonprofit Massachusetts Taxpayers Foundation.

Full article
Forward to a friend

Rep calls chaotic finish of legislative session 'typical Beacon Hill'

in

Aug 12 2016

By Michael Norton, State House News Service / MetroWest Daily News

According to the Massachusetts Taxpayers Foundation, the Legislature over three sessions in late July reversed $231.6 million in spending vetoes and let about $35.5 million in spending reductions stand. The foundation estimates there's a $240 million gap in the new $39.259 billion budget.
Full article
Forward to a friend

Elder-abuse bill's sponsor not hopeful

in

Aug 10 2016

By Katie Lannan, State House News Service / Sentinel & Enterprise

The reduction was among about 108 of Baker's vetoes not overridden by the Legislature. In a series of override votes taken over three weekend days at the end of last month, the Legislature reversed $231.6 million in spending vetoes and let about $35.5 million in spending reductions stand, according to the Massachusetts Taxpayers Foundation.
Full article
Forward to a friend

First month of FY17 ends in the black

in

Aug 4 2016

By Matt Murphy, State House News Service / Sentinel and Enterprise

On the spending side, the Massachusetts Taxpayers Foundation on Wednesday estimated a $240 million gap in the new budget, largely due to spending veto overrides in late July.
Full article
Forward to a friend
See our site policy on external link content.