In The News: Budget

View more in Budget

Brexit vote delivers impact to Massachusetts budget, businesses

in

Jun 24 2016

By Michael Norton, State House News Service / WCVB

"I think the UK's withdrawal from the European Union is sending shockwaves throughout the Massachusetts economy in ways that we can't even begin to realize," Massachusetts Taxpayers Foundation president Eileen McAnneny told the News Service Friday afternoon. "There are profound impacts on the budget. The news is wreaking havoc on the global financial markets and that certainly impacts capital gains revenue and it will impact business profits."
Full article
Forward to a friend

As market fears grow, worries over Mass. budget

in

Jun 24 2016

By Joshua Miller, The Boston Globe

“The UK’s withdrawal from the EU may send shock waves through the Massachusetts economy in numerous ways that we can’t fully anticipate, with potentially profound effects on the Massachusetts budget, a scenario for which we are ill-prepared,” said Eileen McAnneny, who leads the Massachusetts Taxpayers Foundation.
Full article
Forward to a friend

Can The Sales Tax 'Holiday' Survive Beacon Hill's Budget Shortfall?

in

Jun 21 2016

WGBH

McAnney began by explaining the process that the state goes through to identify the amount of money available to spend. She explains, “they begin the budget process with a consensus revenue hearing; and really the purpose is to figure out the dollar amount that the state has to spend. They do that in January and so a lot has changed in those six months. Some of the assumptions they base the budget on are no longer accurate.That’s the problem- in a nutshell.”
Full article
Forward to a friend

State income tax cut at risk

in

Jun 20 2016

By Michael Norton, State House News Service / The Berkshire Eagle

The foundation said fiscal 2016 tax revenues are likely to exceed fiscal 2015 tax revenues by just 2.6 percent. Looking ahead, lawmakers should downgrade their tax revenue growth projection for fiscal 2017 to 3.8 percent, which would reduce available revenues by $521 million, according to the MTF.
Full article
Forward to a friend

With clock ticking, Mass. legislators’ to-do list is long

in

Jun 16 2016

By Jim O'Sullivan, The Boston Globe

“The give-and-take that normally characterizes the end of the session will be on steroids,” said Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation and a two-decade veteran of Beacon Hill.
Full article
Forward to a friend

Massachusetts hit by $300M year-end budget shortfall

in

Jun 15 2016

By Shira Schoenberg, MassLive

Eileen McAnneny, president of the fiscally conservative Massachusetts Taxpayers Foundation, said the Legislature should revise its spending down for fiscal 2017. "Whether they solve the whole amount now, I'm not sure, because things are fluid and subject to change, but they should absolutely be taking it into account and solve for a portion of it," McAnneny said.
Full article
Forward to a friend

Budget crisis deepens

in

Jun 15 2016

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

Massachusetts Taxpayers Foundation President Eileen McAnneny said it was "too soon to say definitively" whether the revenue slowdown is minor hiccup or a sign of broader economic trouble. The administration pointed the finger at a "volatile stock market" and lower investment returns that start to turn downward in February. The taxpayers foundation predicted in testimony before a panel of the Legislature and administration that revenues would grow 3.8 percent. While budget leaders may have been "optimistic" in settling on a benchmark of 4.3 percent growth, McAnneny said, "None of us predicted this slowdown in revenue over the last four months."
Full article
Forward to a friend

State faces possible $750 million budget gap

in

Jun 14 2016

By Joshua Miller, The Boston Globe

Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation, said the most prudent first step for lawmakers is to “substantially” tighten proposed spending.
Full article
Forward to a friend

Debt, need underscore MTF’s call for state capital spending reforms

in

Jun 13 2016

By Colin Young, State House News Service / WWLP

“While lawmakers have taken steps to manage the size of our debt and its associated costs, more must be done because the state has limited flexibility to increase borrowing from current levels without exceeding its statutory debt limit,” Massachusetts Taxpayers Foundation President Eileen McAnneny said in a statement.
Full article
Forward to a friend

Budget panel convenes, With 20 days to agree on nearly $40 bil budget

in

Jun 10 2016

By Katie Lannan, State House News Service / Daily News

The final Senate budget clocked in at $39.558 billion, while the House's is $39.539 billion, according to the Massachusetts Taxpayers Foundation.
Full article
Forward to a friend
See our site policy on external link content.