In The News: FY 2011

View more in FY 2011

Taxpayers Foundation predicts "tepid" state revenue growth

Dec 12 2011

By Eric Convey, Boston Business Journal

The Massachusetts Taxpayers Foundation Monday predicted "tepid" state revenue growth for the fiscal year that begins July 1. The group predicted revenue will grow by $822 million, or 3.9 percent, to $22 billion for fiscal 2012.
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Towns rely on property taxes for cash

Dec 7 2011

By Christine Lee, WWLP

“Long term, this is a problem because if you put more and more of the cost on property taxpayers that obviously is very difficult for families and individuals who are feeling their own fiscal pressures to say the least,” said Massachusetts Taxpayers Foundation president Michael Widmer.
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Patrick proposes rainy day fund deposit

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Aug 27 2011

By Noah Bierman, The Boston Globe

Widmer said the decision to deposit most of the surplus into the emergency fund “reflects the positive way that the governor and Legislature have handled our fiscal crisis.’’
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State enjoys $2 billion surprise

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Jul 20 2011

By Bob Salsberg, South Coast Today / AP

The state should hold off, at least for now, on restoring spending cuts or reducing taxes, Widmer said, and should instead commit the bulk of the added revenue to rebuilding the state's reserve fund that has been tapped repeatedly in recent years.
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Tax Collections Up 10.6 Percent

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Jul 19 2011

WCVB TV

"It's not a true surplus," argued Michael Widmer, president of the nonpartisan Massachusetts Taxpayers Foundation. "What it means is that we are losing less money, if you will ... but it doesn't mean that we are somehow taking in more money than we are spending," he said.
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Massachusetts brings in $723 million more in taxes than projected

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Jul 19 2011

By Dan Ring, The Republican

Under a 2002 state law, the state’s 5.3 percent personal income tax will likely drop to 5.25 percent on Jan. 1, said Michael J. Widmer, president of the Massachusetts Taxpayers Foundation.
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Editorial: Now save it

May 5 2011

Worcester Telegram

And Michael Widmer, president of the Massachusetts Taxpayers Foundation, noted that the state is required to place capital gains revenue in excess of $1 billion into reserves.
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April tax windfall creates new question: What to do with it?

May 3 2011

By Kyle Cheney, Littleton Independent / State House News Service

Michael Widmer, president of the Massachusetts Taxpayers Foundation, welcomed the news that “the market has come back.” He noted that the state implemented a policy this fiscal year requiring that capital gains revenue exceeding $1 billion for the fiscal year be automatically deposited into the rainy day fund.
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Mass. sharing the wealth

Jan 5 2011

By Jay Fitzgerald, The Boston Herald

Michael Widmer, president of the Massachusetts Taxpayers Foundation, said the state is facing a big deficit because it’s losing the one-time federal stimulus funds it received during past fiscal year.
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Our View: Cities, towns at the precipice

Dec 20 2010

The Salem News

The news from the Massachusetts Taxpayers Foundation last week was grim, but hardly surprising: Declining state aid will require cities and towns to rely more heavily on property taxes to meet expenses; and a decline in new growth is shifting more of the burden of paying those taxes onto homeowners. Those were among the findings of the MTF's 40th annual analysis of local revenue and spending trends released last Thursday.
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