In The News: Economy

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Casinos emerge as surprising savior for struggling racetracks

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Jul 9 2016

By Sean Murphy, The Boston Globe

Eileen P. McAnney, president of the Massachusetts Taxpayers Foundation, said the state’s current budget woes call the fund into question. “It may be time to take another look at whether it makes sense to continue this funding,” she said.
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The state of solar in Melrose and beyond

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Feb 1 2016

By Aaron Leibowitz, Melrose Free Press

The bill now sits in the Joint Committee on Telecommunications, Utilities and Energy, which continues to hear testimony from scores of witnesses on all sides of the issue, from National Grid to Massachusetts Taxpayers Foundation and dozens of renewable energy proponents.
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The state of solar energy in Massachusetts, Medford

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Jan 28 2016

By Aaron Leibowitz, Medford Transcript

The bill now sits in the Joint Committee on Telecommunications, Utilities and Energy, which continues to hear testimony from scores of witnesses on all sides of the issue, from National Grid to Massachusetts Taxpayers Foundation and dozens of renewable energy proponents

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Mass. on track to hit debt ceiling for first time

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Dec 16 2015

State House News Service / WBJournal

"Massachusetts is a high debt state and has been for quite a while. Lawmakers took some steps three years ago when they reduced the debt limit aware of that and trying to reduce our overall debt burden," Massachusetts Taxpayers Foundation President Eileen McAnneny said. "If we're up against that debt (limit) I think it does make us think twice about some of the capital projects we're funding and if that is the optimal use of those dollars."
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Favorable Mass. taxes a factor in GE’s hunt

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Dec 11 2015

By Jon Chesto, The Boston Globe

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said Connecticut lawmakers earlier this week tempered one of the big tax changes that had angered GE in June, when Immelt went public with his desire to relocate. But fiscal unpredictability remains a big problem there, McAnneny said, with billions of dollars’ worth of tax increases approved in the past seven years and a big budget deficit still looming on the horizon.
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Pew credits rainy-day fund limits in wake of MTF report

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Dec 9 2015

By Katie Lannan, State House News Service / The Lowell Sun

Last month, the Massachusetts Taxpayers Foundation (MTF) called for the state to focus on rebuilding its reserves, warning that the practice of drawing from the fund to pay operating expenses could leave the state ill-equipped to weather a future economic downturn. The use of reserve funds was cited as a contributing factor in the recent downgrade of the state's credit outlook by the bond rating agency Standard and Poor's.
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Business groups make last-minute lobbying push to limit solar incentives

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Nov 18 2015

By Jon Chesto, The Boston Globe

But business groups including the Associated Industries of Massachusetts, the Greater Boston Chamber of Commerce, and the Massachusetts Taxpayers Foundation distributed a letter to House members on Tuesday, saying the newly written bill from the House Ways and Means Committee is beneficial for ratepayers and the state’s economic health. The House later passed that bill with only one minor change with a 150-2 vote.
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Report: Cost of doing business high in Bay State

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Sep 9 2015

By Marie Szaniszlo, The Boston Herald

The cost of doing business in Massachusetts, particularly outside the Greater Boston area, is high compared to other parts of the country and threatens the overall competitiveness of the state, according to a new report.
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Business costs remain high statewide, but state’s regional economic disparity grows

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Sep 9 2015

By Jon Chesto, The Boston Globe

“While the Boston economy may be able to absorb some of the higher costs, that may not be the case in Franklin County,” McAnneny said. “If you’re a business looking at Massachusetts, it’s important to look at different parts of the state because the wages may vary, absolutely. But some of the other cost components are high.”
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Business group says Massachusetts falling behind competitively

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Sep 9 2015

By Eric Convey, Boston Business Journal

"Massachusetts has made few gains over the past decade in bringing the cost components of doing business in line with other states and, in some instances, we have fallen farther behind," Foundation President Eileen McAnneny wrote in a letter accompanying the report's release.
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