In The News

Revenue forecast: gloomy, difficult

Oct 9 2009

By John J. Monahan, The Worcester Telegram

Outside of that Medicaid funding problem, Mr. Widmer said, his group estimates the state will see revenues from income, sales and capital gains taxes come in $600 million less than estimated for the budget signed in July. He said the recession will trim estimated income tax, sales tax and corporate excise tax revenues more than expected earlier this year.
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Mass. lawmakers hold hearing to determine budget cuts

Oct 8 2009

By Peter Howe, NECN

Michael J. Widmer of the Massachusetts Taxpayers Foundation, a business-backed budget monitoring group, said, "Bottom line, we are projecting a decrease from that forecast of about $600 million dollars.''
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Three Months Into Fiscal Year, Budget Already $1B Off

Oct 8 2009

By Abigail Beshkin, WBUR.org

Michael Widmer, of the Massachusetts Taxpayers' Foundation, said state revenue officials had over-estimated revenue collections by about $600 million for FY2010. In addition, he said the state faces a Medicaid shortfall of between $200 and $300 million.
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Lawmakers re-examine tax credits for Hollywood flicks

Oct 7 2009

By Jon Chesto, Gate House News Service / Beverly Citizen

Widmer argues that the $100-million-plus a year that the state spends on these credits could be used more effectively in other corners of the economy - such as local aid to cash-strapped cities and towns. It doesn't help the industry's case, he says, that the tax credits only return 16 cents in tax revenue to the state's coffers for every dollar that's spent.
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Mass. Market: Lawmakers re-examine tax credits for Hollywood flicks

Oct 4 2009

By Jon Chesto, The Taunton Daily Gazette

But the tax credits' critics may enjoy a more receptive audience on Beacon Hill now that state officials are considering another round of budget cuts. Michael Widmer, president of the Massachusetts Taxpayers Foundation, recognizes that the film tax credits spurred job growth. But Widmer says the film industry's jobs remain just a tiny portion of the state's overall work force.
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WIDMER ON REALITY OF TAXES

Oct 4 2009

By Tony Lee, The Metro

"Within all of a $30 million budget not every dollar is well spent, but the larger reality is this disconnect between taxes and the need for taxes to fund programs [residents] believe in," said Michael Widmer, president of the Massachusetts Taxpayers Foundation.
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A tightening pinch

Oct 4 2009

By Kathy McCabe, The Boston Globe

Michael Widmer, president of the Massachusetts Taxpayers Foundation, thinks emergency cuts may be necessary, noting the "probability has gone above 50-50." "I think, given the scare that September revenues have produced, we may well see some midyear cuts in local aid," Widmer said. "I'm surprised at how bad'' the revenues were.
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Revenue in last month declines

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Oct 3 2009

By Matt Viser, The Boston Globe

Michael J. Widmer, president of the Massachusetts Taxpayers Foundation, said the state of the economy made it difficult to know whether the new sales tax was to blame for any of the revenue decline.
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Critics pan state’s movie tax credit

Oct 3 2009

By Nancy Reardon, The Patriot Ledger

"The return on investment is ludicrously small," said Michael Widmer, head of the Massachusetts Taxpayers Foundation, a public-spending watchdog group. "Of all the tax credits that I'm familiar with, this would be unquestionably the worst deal for the taxpayer."
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Mass. tax-revenue warning spurs aid-cut fears

Oct 1 2009

By Matt Murphy, The Lowell Sun

"The underlying issue is that even when the recovery begins, it will be anemic, not robust, and there's a delay in the impact that has on tax revenue," said Michael Widmer, president of the Massachusetts Taxpayers Foundation. "Capital gains will be slow. Consumer purchasing, people will be cautious and unemployment will continue to rise modestly for maybe the next six months."
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