In The News

Tiny Tax Break For Massachusetts Residents? Not This Year.

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Dec 26 2016

By Adam Frenier, New England Public Radio

The president of the Massachusetts Taxpayers Foundation, Eileen McAnneny, said the tax breaks approved 16 years ago are a long time in coming. She said the state counts too much on money from income tax. “A reduction can be costly and I think that’s one of the downsides to being so over-reliant on income tax,” McAnneny said. “Lawmakers and budget makers are being very conservative in their approach to this income tax reduction.”
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L'Italien blasts Baker for $100K cut for downtown planning

Dec 15 2016

The Andover Townsman

The net savings from Baker's cuts to earmarks totaled $53 million because of revenue loss associated with some cuts, according to a Massachusetts Taxpayers Foundation analysis.
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Hearing: State spending pivots on needs, affordability

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Dec 14 2016

By Colin Young, State House News Service / The Worcester Telegram

"Given that revenue growth that we're projecting for fiscal year 2018 are about 2.6 percent, so making sure that the capital budget doesn't grow at a higher rate than overall tax revenue growth I think is pretty important," Eileen McAnneny said. "I think their $70 million (increase) is in that ballpark." McAnneny on Tuesday also renewed MTF's call for "a rigorous review of the cost and value of projects" to be made public before any money is allocated in a capital plan, an annual review to "reestablish the timelines, costs, benefits, and value" of each project, and a detailed accounting of project expenditures from any state agency that receives capital funds.
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State panel will recommend $70 million increase in capital spending

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Dec 12 2016

By Colin Young, State House News Service / 22WWLP

At $2.64 billion, the fiscal 2017 debt service allocation is up $640 million — or 30 percent — over fiscal 2008, according to the Massachusetts Taxpayers Foundation
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Baker bites into earmarks with budget solve

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Dec 12 2016

By Andy Metzger, State House News Service / The Berkshire Eagle

The net savings from Baker's cuts to earmarks totaled $53 million because of revenue loss associated with some cuts, according to a Massachusetts Taxpayers Foundation analysis.
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Not So Fast, Charlie: Amid "Outrage," DeLeo Seeks To Restore Funds Cut By Baker

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Dec 7 2016

By Mike Deehan, WGBH

"There were some accounts that we knew weren't fully funded when the budget was passed, which is pretty routine, but then some programs like MassHealth have exceeded the cost expectations," McAnneny said. "So it's kind of a trifecta of things that have come together." The foundation, she said, sides with Baker that cuts now, not later, are the way to proceed.
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Baker’s cuts draw blowback from Legislature

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Dec 6 2016

By Joshua Miller, The Boston Globe

Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation, said this fiscal year has been particularly challenging. She cited a budget that did not fully account for known costs, such as funding for lawyers for indigent defendants; higher-than-expected costs for the Medicaid program; and lower-than-expected revenue growth. “So it is not unexpected that the administration took action to actively manage this deficit,” McAnneny said. “It is unclear whether these latest actions will be adequate, given the many fiscal uncertainties that remain.”
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Experts see one consistency with state budget: slow revenue growth

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Dec 6 2016

By Colin Young, State House News Service / 22WWLP

The Massachusetts Taxpayers Foundation on Monday presented the Joint Ways and Means Committee with an estimate that state tax collections will grow by only 2.65 percent in fiscal 2018. Tax revenues will increase by about $687 million, to $26.64 billion, according to the foundation’s estimate. Though the reasons behind the sluggish growth of the last nearly two years are “uncertain, what is clear is that there are no indicators suggesting state tax revenues will grow at a rate substantially higher than we’ve experienced over the last 11 months,” MTF President Eileen McAnneny said.
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State tax revenues in fiscal 2018 will grow by less than 3 percent

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Dec 6 2016

By Michael Norton, State House News Service / The Lowell Sun

State tax revenues in the next budget cycle will grow by only 2.65 percent, according to the Massachusetts Taxpayers Foundation, marking another year of sluggish collections and again dampening the environment for major spending increases. In fiscal 2018, which begins on July 1, 2017, tax revenues will increase by about $687 million, to $26.64 billion, according to the foundation's estimate, which is being submitted Monday to lawmakers and the Baker administration as they kick off the fiscal 2018 budget cycle.

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Tax revenue forecasts all over map

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Dec 6 2016

By Bruce Mohl, CommonWealth Magazine

The Taxpayers Foundation, a business-backed fiscal watchdog, said there are no economic indicators suggesting tax revenues will grow faster in the future than they have in the last 11 months. “The foundation advises extreme caution over the next 18 months and urges lawmakers to exercise great restraint in building the budget,” said Eileen McAnneny, president of the foundation. “There are both longstanding causes for concern, such as a shrinking workforce and insufficient reserves in our stabilization fund, and many new ones, such as the lack of clarity on many policy positions from President-elect Trump and ominous signs of a global economic slowdown.”
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