In The News: Budget

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Newsnight: Patrick's double dose of cuts

Jan 28 2009

By Jim Braude, NECN

Nobody knows the Massachusetts budget numbers quite like Jim Braude's guest on this segment of this Newsnight. Michael Widmer is the president of the Massachusetts Taxpayers Foundation. As bad as Patrick made the budget deficit out to be today, Widmer says it can and will get worse.
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Patrick's $28B budget includes service cuts, new taxes

Jan 28 2009

By Glen Johnson, AP / The Eagle Tribune

Michael Widmer, of the nonpartisan, business-backed Massachusetts Taxpayers Foundation, said Patrick has "made the best of a very difficult situation" with his blend of cuts, new revenues and rainy day withdrawals. Nonetheless, Widmer said he fears the 2010 budget will have to be cut even more, since it assumes tax revenues of $19.5 billion. The foundation projects they will be closer to $18.6 billion.
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Governor set to unveil massive budget cuts

Jan 28 2009

By Dan Ring, The Republican

"It's going to be huge cuts, major, major cuts, nothing but pain," said Michael J. Widmer, president of the Massachusetts Taxpayers Foundation. Widmer said he is concerned that Patrick may not cut enough from next fiscal year's budget. Widmer said the administration may be over-estimating revenues for next fiscal year by $1 billion.
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Deval Patrick OKs 4% raises in 2010

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Jan 28 2009

By Hillary Chabot, The Boston Herald

"We really can't afford any salary increases over the next few years," said Mike Widmer, executive director of the Massachusetts Taxpayers Foundation. "The next few years are going to be brutal, because we're going to use up all our reserves and federal money this year."
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Local leaders resigned to state cuts

Jan 26 2009

By David Kibbe, Cape Cod Times

Michael Widmer, the president of the Massachusetts Taxpayers Foundation, predicted this week that cuts would eventually have to be made in education aid to balance the budget.
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Towns, unions forced to rethink contracts

Jan 25 2009

By Alexandra Mayer-Hohdah, The Lowell Sun

"These are extraordinary times, of the kind we haven't seen in 75 years," said Michael Widmer, executive director of the Massachusetts Taxpayers Association. "You can't have a global economic meltdown and not have consequences for everybody. The traditional reality of being able to give raises and generous benefits is coming to an end."
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Government jobs up

Jan 23 2009

By Jay Fitzgerald, The Boston Herald

But Michael Widmer, president of the Massachusetts Taxpayers Foundation, said it's "unfair" to criticize government employment numbers at this point. With budget deficits, large public-sector layoffs are inevitable, he said.
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Local aid might be pared by 18 percent, town leaders told

Jan 23 2009

By Jonathan L'Ecuyer, Gloucester Daily Times

However, as tax revenue figures streamed in, a gloomy picture developed. According to the Massachusetts Taxpayers Foundation, the forecast projects that Massachusetts will lose 75,000 jobs in fiscal 2009 and 51,000 in 2010 - a 3.8 percent drop in employment from 2008 to 2010. The state's unemployment rate will rise from today's 5.5 percent to an annual average of 8.1 percent in fiscal 2010.
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Patrick spares school aid

Jan 23 2009

By David Kibbe, Cape Cod Times

"For most communities, cutting additional assistance and cutting lottery aid will have an impact on schools," said Michael Widmer, the president of the Massachusetts Taxpayers Foundation. "They are major parts of local budgets."
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State tax collections on capital gains sink

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Jan 22 2009

By Casey Ross, The Boston Glone

But Michael Widmer, the president of the business-backed Massachusetts Taxpayers Foundation, said he fears the losses could escalate due to declining real estate values and a credit freeze that is undermining hopes of an economic recovery. "The news gets worse and worse every week, and the forecasts haven't caught up," he said. "It will be a wonder if we have any capital gains after we clear the debris."
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