In The News: Budget

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State may offer thousands early retirement; layoffs possible

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Mar 2 2015

AP / Salem News

The Massachusetts Taxpayers Foundation, a budget watchdog group, has said that a gap of about $1.5 billion likely exists between anticipated revenues and the spending that would be required to maintain current program levels in the budget.
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State to offer early retirement deals; layoffs may follow

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Mar 2 2015

By Joshua Miller, The Boston Globe

The business-backed Massachusetts Taxpayers Foundation, a nonpartisan watchdog group, has projected the state will face a $1.5 billion shortfall in the new fiscal year, an estimate in line with the administration’s take.
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Dempsey keeps top post, warns of budget challenges

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Mar 1 2015

By Christian Wade, Lawrence Eagle Tribune

he Massachusetts Taxpayers Foundation, a fiscal watchdog group, estimates that the state faces a shortfall of more than $1.5 billion in the coming fiscal year, which begins July 1. The group attributes the gap to underfunded health care accounts and non-tax revenues that have fallen short of expectations.
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Gov. Charlie Baker Prepares To Release First State Budget

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Mar 1 2015

AP / WBZ

Now a key taxpayer watchdog group says Massachusetts’ budget shortfall could be as high as $1.5 billion for the upcoming fiscal year. The Massachusetts Taxpayers Foundation’s projected shortfall assumes funding for programs considered discretionary, from public safety to aid to municipalities, stays level.
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Why Gov. Baker may have to cut state jobs to make the budget numbers work: Guest viewpoint

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Feb 27 2015

By George Donnelly, MassLive

Eileen McAnneny, the new head of the Massachusetts Taxpayers Foundation, told the Boston Globe about the upcoming budget drama: "There will be no sacred cows." Not entirely true, however: local aid is one sacred cow that likely will stay safe. Other sacred cows, like not cutting back the state employee headcount, may not survive.
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Gov. Charlie Baker talks budget, energy, drug abuse at Affiliated Chambers meeting

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Feb 27 2015

By Jim Kinney, Masslive

Baker repeated his pledge not to cut state aid to cities and towns. Beyond that, though, he offered little detail in advance of his budget which will be filed Wednesday, March 4. Baker did say an estimated $1.5 billion shortfall released last week by the Massachusetts Taxpayers Foundation group is probably on or close to the mark.
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Gov. Baker Would Let Municipalities Spread Snow Costs Over Two Years

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Feb 27 2015

By Paul Tuthill, WAMC

Speaking with reporters, Baker did not dispute an estimate from the Massachusetts Taxpayers Foundation that the state is faced with a $1.5 billion budget gap. Baker again pledged not to cut local aid.
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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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