In The News: Budget

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Things to know about the Massachusetts budget shortfall

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Jan 17 2015

AP / The Boston Herald

The independent Massachusetts Taxpayers Foundation, in a December analysis, pegged the deficit in the $1 billion range. Baker, in his Jan. 8 inaugural address, said he anticipated the deficit to exceed $500 million, with the new administration trying to nail down a more precise estimate.
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Editorial: For Baker, election glow ends quickly

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Jan 15 2015

The Daily News

“The size of this shortfall is typically connected to a recession, where revenues just plummet,” said Andrew Bagley, director of research and public affairs for the Taxpayers Foundation. “But this is highly unusual because we’re in the middle of a recovery and the economy appears to be doing quite well.”
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Baker, lawmakers say local aid is safe in face of budget crisis

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Jan 14 2015

By Christian Wade, The Daily News

ndrew Bagley, director of research and public affairs with the Massachusetts Taxpayers Foundation, a nonprofit fiscal watchdog group, said the governor faces “painful cuts” to shore up the budget gaps. “The size of this shortfall is typically connected to a recession, where revenues just plummet,” Bagley said. “But this is highly unusual because we’re in the middle of a recovery and the economy is appears to be doing quite well.”
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Why Mass. Has A Large Budget Gap — And What Could Be Done About It

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Jan 14 2015

By Asma Khalid, WBUR

Bagley and his team at the taxpayers foundation insist the deficit is closer to $750 million. (Previously, his organization calculated a deficit around $1 billion, but proposals from the Patrick administration in November (see below) reduced that figure by $250 million.)
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Gov. Charlie Baker talks budget with Rosenberg, DeLeo; Size of deficit still unclear

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Jan 12 2015

By Shira Schoenberg, Masslive

As Baker takes office, the first issues he must deal with are budgetary. He enters office facing a deficit. Former Gov. Deval Patrick, a Democrat, said the budget gap was $329 million, and he unilaterally cut around $200 million. The Massachusetts Taxpayers Foundation has said the gap could be as high as $750 million.
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Governor Baker puts freeze on state hiring

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Jan 9 2015

By Frank Phillips, The Boston Globe

The Massachusetts Taxpayers Foundation, a watchdog group that monitors fiscal issues, has estimated the state has a $750 million midyear deficit, even after the Patrick administration cut the $36.5 billion budget by $250 million late last year.
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Baker orders hiring freeze, eyes budget deficit

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Jan 9 2015

By Matt Stout, The Boston Herald

Baker said in his inaugural speech that he expects a mid-year budget deficit to be above a half-billion dollars. The Massachusetts Taxpayers Foundation has pegged the hole to be as high as $750 million, though former Gov. Deval Patrick’s aides had disputed that estimate.
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Baker budget chief says state 'bleeding' money

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Jan 8 2015

By Michael Norton and Andy Metzger, State House News Service / MassLive

The Massachusetts Taxpayers Foundation last year estimated the deficit at about $750 million after accounting for Patrick's spending cuts, an estimate that Patrick budget chief Glen Shor disputed. "I think that the estimate that the Mass. Taxpayers Foundation issued is a credible number. They're a very credible organization," Lepore told reporters in the State Library where the swearing-in was held. "We're going to be working through the weekend to try to verify and develop our own number, so we should know hopefully within the next three days."
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Baker is bracing to face a budgetary baptism of fire

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Jan 8 2015

By Joshua Miller, The Boston Globe

“The choices will be very difficult. Many worthy causes will be disappointed,” said Michael J. Widmer, president of the business-backed Massachusetts Taxpayers Foundation. While it will be hard for Baker, “I think there are enormous opportunities to improve how government manages itself,” Widmer said. “The circumstances will make that imperative.”
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Tax cut coming Jan. 1

Jan 7 2015

By Gary Tuoti, SouthCoast Today

The Massachusetts Taxpayers Foundation projects a total state budget deficit of more than $1 billion.
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