In The News: Budget

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Baker targets MassHealth on $1.5B gap

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Feb 26 2015

By Andy Metzger, Matt Murphy and Michael Norton, State House News Service / The Lowell Sun

This year's $36.5 billion state budget has so far relied on one-time revenues and midyear spending cuts to balance out, and the Massachusetts Taxpayers Foundation estimates a shortfall of $1.5 billion in fiscal 2016, which begins July 1, in order to cover growing fixed costs and to maintain existing government services.
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UMass tuition may go up; budget crisis to blame

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Feb 25 2015

By Tiffany Chan, WWLP

College students gathered on Beacon Hill Wednesday to thank state lawmakers for increasing financial aid funding last year. The event came on the same day as the release of a new report on the state’s fiscal health by the business-backed Massachusetts Taxpayers Foundation. The group claims the state is facing an estimated $1.5 billion budget deficit in fiscal 2016. Tough budget times would make it harder for state lawmakers to make college more affordable.
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Watchdog Group Says State's Budget Defecit Will Be $1.5 Billion

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Feb 25 2015

By Sarah Birnbaum, WGBH

The Massachusetts Taxpayers Foundation President Eileen McAnneny says the state saw larger budget gaps– on the order of $3 billion– in the middle of the recession. "But it’s important to realize that this is happening when we’re in an economic recovery." McAnneny says state spending on things like healthcare and pensions is outpacing growth in tax revenue.
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Mass. budget shortfall could hit $1.5 billion

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Feb 25 2015

By Joshua Miller, The Boston Globe

“There will be no sacred cows,” said McAnneny, the Taxpayers Foundation president. “Everyone will have to come in and justify their existence in a way they probably haven’t had to before, simply because the problem is so sizable.” The group says the gap could be smaller if the Baker administration is able to reduce the skyrocketing costs of Medicaid, a major driver of budget increases.
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Watchdog: Massachusetts could face $1.5B budget shortfall

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Feb 25 2015

AP / The Washington Times

A taxpayers watchdog groups says Massachusetts’ budget shortfall could be as high as $1.5 billion, nearly twice what the administration is estimating. The president of the business-backed Massachusetts Taxpayers Foundation told organizations that rely on state funding to “Brace yourselves for a new reality.”
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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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