The attached budget summary shows fiscal 2009 spending after the Governor's first round of "9C' cuts of $708 million and a savings of $100 million by extending from 2023 to 2025 the funding of the state's unfunded pension liabilities. With these reductions, fiscal 2009 spending increased by 1.6 percent over 2008.
Driven by the global economic problems and the state's fiscal crisis, cities and towns are about to enter another period of cutbacks and serious retrenchment.
This report was prepared by: Global Insight, Inc.
Sponsored by:
Associated Industries of Massachusetts
Greater Boston Chamber of Commerce
Massachusetts Business Roundtable
Massachusetts Taxpayers Foundation
Links:
[1] http://www.masstaxpayers.org/publications/public_finance/budget/fy_2009/20081231/fy_2009_budget_summary
[2] http://www.masstaxpayers.org/files/BudSumm_update_12_30_08.pdf
[3] http://www.masstaxpayers.org/publications/public_finance/budget/fy_2010/20081215/mtf_forecast_dramatic_drop_revenues_fiscal_2009_
[4] http://www.masstaxpayers.org/files/Economic forecast.pdf
[5] http://www.masstaxpayers.org/publications/health_care/20081210/foundation_testimony_special_municipal_relief_commission
[6] http://www.masstaxpayers.org/files/Special Municipal Relief Commission.pdf
[7] http://www.masstaxpayers.org/publications/20081201/in_appreciation
[8] http://www.masstaxpayers.org/publications/public_finance/municipal/20081101/municipal_financial_data_38th_edition
[9] http://www.masstaxpayers.org/files/MTF_MFD_38thEd.pdf
[10] http://www.masstaxpayers.org/publications/public_finance/taxes/income_tax/20081020/economic_impacts_eliminating_massachusetts_sta
[11] http://www.masstaxpayers.org/files/tmp_345_10-20-2008_15837_.pdf
[12] http://www.masstaxpayers.org/publications/public_finance/taxes/income_tax/20081015/question_1_proponents_inflate_state_spending
[13] http://www.masstaxpayers.org/files/Question 1 Proponents Inflate State Spending.pdf
[14] http://www.masstaxpayers.org/publications/public_finance/taxes/income_tax/20081001/foundation_releases_major_report_wideranging_c
[15] http://www.masstaxpayers.org/files/Question 1_press_release.pdf
[16] http://www.masstaxpayers.org/files/MTF_Question1_Analysis.pdf
[17] http://www.masstaxpayers.org/publications/public_finance/taxes/income_tax/20080921/find_another_way_send_a_message
[18] http://www.masstaxpayers.org/files/Find another way to send a message.pdf
[19] http://www.masstaxpayers.org/publications/transportation/20080917/draft_regulations_use_civilian_flaggers
[20] http://www.masstaxpayers.org/files/Police details testimony 9-15-08.pdf
[21] http://www.masstaxpayers.org/publications?page=1
[22] http://www.masstaxpayers.org/publications?page=2
[23] http://www.masstaxpayers.org/publications?page=3
[24] http://www.masstaxpayers.org/publications?page=4
[25] http://www.masstaxpayers.org/publications?page=5
[26] http://www.masstaxpayers.org/publications?page=6
[27] http://www.masstaxpayers.org/publications?page=7
[28] http://www.masstaxpayers.org/publications?page=8
[29] http://www.masstaxpayers.org/publications?page=11