In The News: Budget

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As new fiscal year arrives, lawmakers face shortfall

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Jul 2 2017

Sentinel and Enterprise

But that's only part of the problem. Tax revenues have risen only about 1.2 percent during the previous 12 months, making the 3.9 percent increase forecast for the next 12 months, "very optimistic and I would say unrealistic," said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation.
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Editorial: Baker shows way on health reform

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Jun 21 2017

The Boston Herald

The Baker administration has thrown the Legislature — and the taxpayers — a lifeline when it comes to dealing with rising Medicaid costs — which account for nearly 40 percent of the state budget. Lawmakers should grab it.
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Baker Medicaid plan raises employer burden

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Jun 21 2017

By Matt Murphy, State House News Service / The Lowell Sun

Officials with many of the major business groups and some health plans, including the Retailers Association of Massachusetts, the Mass High Tech Council, Fallon Health, Boston Medical Center and the Massachusetts Taxpayers Foundation are backing the reform package.
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Economists say a $1b state budget cut may be needed

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Jun 7 2017

By Joshua Miller, The Boston Globe

Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation, predicted legislators will have to slice between $750 million and $1 billion from their $40.3 billion budget. That won’t all be in program cuts, she said, but it won’t be painless. “Eight years into an economic recovery, we have seen state tax revenue slow down considerably. And it looks like more than a blip,” she said. “So we have to adjust the budget accordingly, and make sure spending aligns with revenues.”
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Behind closed doors, Legislative leaders hammer out state budget

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Jun 5 2017

By Colin Young, State House News Service / The Lowell Sun

The Massachusetts Taxpayers Foundation says a "substantial downgrade to (FY18) revenue is likely, and if it occurs, will require major spending reductions" in the final budget. "The similarities between the two budgets in terms of approach to spending and revenue usually make it easier to resolve fiscal issues quickly, but once again Conferees will be faced with the task of reevaluating basic tax revenue assumptions," MTF wrote in its analysis.
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Is Massachusetts Heading For A Budget Crisis?

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May 30 2017

By Mike Deehan, WGBH

"It really is the equivalent of the state looking under the couch cushions for any revenue that it can find in various accounts where there's a balance and sweeping that money to make up the deficit," Massachusetts Taxpayers Foundation President Eileen McAnneny said, adding that fixing a budget gap at the end of the fiscal year will be hard because much of the state's money has always been spent.
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Senate OK’s $40.8 billion state budget

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May 26 2017

By Laura Krantz, The Boston Globe

As the budget debate neared an end Thursday night, Eileen P. McAnneny, president of the Massachusetts Taxpayers Foundation, noted how much the disappointing revenue collections influenced budget crafting. “The more important questions is what adjustments, if any, will budget writers make in conference committee to deal with the anticipated revenue shortfalls,” said McAnneny, who leads the state budget watchdog group.
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Senate loads up on earmarks despite tight fiscal picture

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May 25 2017

By Katie Lannan, State House News Service / The Berkshire Eagle

By 1:30 p.m. Thursday, senators added $35.9 million in spending to their fiscal 2018 budget, according to the Massachusetts Taxpayers Foundation. Doug Howgate, the foundation's director of policy and research, said earmarks accounted for about $24.7 million of the spending by his tally.
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Senate rolls out budget amid shaky revenue supports

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May 20 2017

By Katie Lannan, State House News Service / Saugus Wicked Local

The Massachusetts Taxpayers Foundation, which includes the transfer in its estimates, tracked the final House budget at about $40.8 billion and Gov. Charlie Baker’s proposal at $40.9 billion.
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Tax-break loopholes tough to close

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May 18 2017

By Andy Metzger, State House News Service / Sentinel and Enterprise News

In 2013 as part of a $1.9 billion tax package that was dismissed by the Legislature, former Gov. Deval Patrick targeted 44 personal income tax exemptions and deductions, according to a Massachusetts Taxpayers Foundation analysis of the proposal.
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