In The News: Budget

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Next decade holds the promise of change, the peril of avoiding it

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Jan 10 2010

By Steve Urbon, South Coast Today

Michael Widmer, director of the Massachusetts Taxpayers Foundation, doesn't see Massachusetts going back to the way it once did business when the recession eases. Instead, he said, there is going to be a new "set point," a new understanding that what the state was doing prior to 2009 wasn't sustainable, and that Massachusetts must lower its expectations for what government can do with the money it has.
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Massachusetts tax collections for December $194 million higher than projections

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Jan 7 2010

By Dan Ring, The Republican

Andrew C. Bagley, director of research for the Massachusetts Taxpayers Foundation in Boston, agreed, saying the December tax collections are definitely a good economic sign. "We may have bottomed out and started to climb out of an incredibly deep fiscal hole," Bagley said.
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Business can’t win on taxes

Jan 1 2010

By Jay Fitzgerald, The Boston Herald

"The (corporate tax cut) is sort of a Band-Aid on a gaping wound," said Michael Widmer, president of the Massachusetts Taxpayers Foundation.
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A Taxing Choice

Jan 1 2010

By Brandon Butler, Worcester Business Journal Online

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Economists hopeful, but wary on Mass. economy

Dec 31 2009

By Bob Salsberg, The Daily Comet / AP

"We're in for a very tough fiscal 2011 (starting July 1) and I think that's going to lead to major layoffs in cities and towns around the state," said Michael Widmer, president of the business-backed Massachusetts Taxpayers Foundation.
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Massachusetts has weathered fiscal storm better than most, but more pain ahead

Dec 30 2009

By Nancy Reardon, Taunton Gazette / GateHouse News Service

Michael Widmer, president of the business-backed Massachusetts Taxpayers Foundation, has been a vocal critic of choosing what he calls short-term fixes over long-term plans. "You take advantage of the opportunity in a fiscal crisis to make changes that will help over the long term," he said.
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Tough times loom ahead

Dec 28 2009

By Derek Gentile, The Berkshire Eagle

Although the Massachusetts Taxpayers Foundation, a non-profit, independent financial assessment organization, projects a slight uptick in state revenues in the upcoming fiscal year, state Rep. William "Smitty" Pignatelli said Sunday that rising energy and infrastructure costs within the state will negate any gains.
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State revenue projected to improve

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Dec 17 2009

By John J. Monahan, The Worcester Telegram

Michael J. Widmer, executive director of the Massachusetts Taxpayers Association, a Boston-based business group, said that starting in January employers will see an increase of 30 to 40 percent in their unemployment insurance taxes, which are already among the highest rates in the country.
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Revenue growth, spending cuts eyed for FY11

Dec 17 2009

By Jim O’Sullivan and Gintautas Dumcius, Arlington Advocate / State House News Service

Widmer said the state could face further fiscal 2010 gaps of up to $500 million, even after a round of October budget remedies, largely cuts, totaling $484 million, along with a structural deficit next year that even with anticipated tax collection gains could hit $3 billion.
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State tax revenue on the rebound, officials now say

Dec 17 2009

By Matt Viser, The Boston Globe

"I do feel that we have reached, or are close to reaching, the bottom,'' said Michael J. Widmer, president of the Massachusetts Taxpayers Foundation. "It's been a long slide, to say the least.''
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