Publications: FY 2008

View more in FY 2008 [1]

May 2008
State Faces Large Deficits in Both Fiscal 2008 and 2009: Threatens Rapid Depletion of State’s Reserves [2]
The state is facing a $500 million deficit in fiscal 2008 and the recently passed House budget for fiscal 2009 is at least $1 billion out of balance, creating a situation in which more than half of the state's reserves could be depleted in the next year without even accounting for a recession.
Full Publication (PDF) [3]
December 2007
MTF Revenue Forecast: Reasonable Growth in 2008 but Small Rise in 2009 [4]
Tax revenues will grow somewhat better than expected in fiscal 2008 but increase only marginally in 2009, according to a forecast released today by the Massachusetts Taxpayers Foundation.

Full Publication (PDF) [5]
June 2007
Budget Conference Committee: Limiting the Use of Reserves [6]
"How long will the luck hold?
For the past three fiscal years the Legislature has passed budgets which depended on reserves to achieve balance. In each case tax revenues came in better than forecast, largely because of capital gains, eliminating the need to actually deplete the reserves.
Full Publication (PDF) [7]
May 2007
Final House Budget Straining at the Seams [8]
"The fiscal 2008 state budget debate turns to the Senate this week at a particularly delicate time for state finances.

Full Publication (PDF) [9]
April 2007
Governor Patrick Proposes Tight 2008 Budget [10]
Governor Patrick's fiscal 2008 state budget includes a proposed spending increase of 3.8 percent. Tables 1 and 2 summarize his recommendations by category and track spending from 2001 to 2008. After adjusting for inflation, proposed 2008 spending is less than 2001 for almost all categories except for Medicaid and employee benefits.

Full Publication (PDF) [11]
April 2007
House Budget Protects Massachusetts Economy [12]
"The House Ways and Means fiscal 2008 budget, which will be debated by the full House beginning April 23, has a bottom line that is very similar to the Governor's budget proposal but rejects most of his specific initiatives.

Download Press Release [13]
Full Publication (PDF) [14]
January 2007
MTF Forecast: Sharp Slowdown in Growth of Tax Revenues [15]
Tax revenues will grow much more slowly in 2007 and 2008 than they did the past two years, according to a forecast released today by the Massachusetts Taxpayers Foundation.

Full Publication (PDF) [16]
September 2006
The Long-Term Mismatch Between Available Resources and Important State Priorities: A Five-Year Fiscal Analysis [17]
In its annual review of state finances, the Foundation cautions that while the Commonwealth is in its third year of financial recovery, the state's leaders now face the challenge of choosing from a long list of competing funding priorities that far exceed the state's ongoing fiscal capacity.
Download Press Release [18]
Full Publication (PDF) [19]

Links:
[1] http://www.masstaxpayers.org/fy_2008
[2] http://www.masstaxpayers.org/publications/public_finance/budget/fy_2009/20080501/state_faces_large_deficits_both_fiscal_2008_and_
[3] http://www.masstaxpayers.org/sites/masstaxpayers.org/files/MTF Budget Deficits 08 and 09 Bulletin.pdf
[4] http://www.masstaxpayers.org/publications/public_finance/budget/fy_2009/20071201/mtf_revenue_forecast_reasonable_growth_2008_smal
[5] http://www.masstaxpayers.org/sites/masstaxpayers.org/files/MTF Revenue Forcast 08 and 09 News Release.pdf
[6] http://www.masstaxpayers.org/publications/public_finance/budget/fy_2008/20070601/budget_conference_committee_limiting_use_reserve
[7] http://www.masstaxpayers.org/sites/masstaxpayers.org/files/MTF Budget Conference Committee 07 Bulletin.pdf
[8] http://www.masstaxpayers.org/publications/public_finance/budget/fy_2008/20070501/final_house_budget_straining_seams
[9] http://www.masstaxpayers.org/sites/masstaxpayers.org/files/MTF Fiscal 08 Budget Bulletin.pdf
[10] http://www.masstaxpayers.org/publications/public_finance/budget/fy_2008/20070401/governor_patrick_proposes_tight_2008_budget
[11] http://www.masstaxpayers.org/sites/masstaxpayers.org/files/MTF Governor 08 Budget Proposal Bulletin.pdf
[12] http://www.masstaxpayers.org/publications/public_finance/budget/fy_2008/20070401/house_budget_protects_massachusetts_economy
[13] http://www.masstaxpayers.org/sites/masstaxpayers.org/files/House Budget 08 Summary.pdf
[14] http://www.masstaxpayers.org/sites/masstaxpayers.org/files/MTF House Budget 08 Bulletin.pdf
[15] http://www.masstaxpayers.org/publications/public_finance/budget/fy_2008/20070101/mtf_forecast_sharp_slowdown_growth_tax_revenues
[16] http://www.masstaxpayers.org/sites/masstaxpayers.org/files/MTF Revenue Forecast 07 and 08 Bulletin.pdf
[17] http://www.masstaxpayers.org/publications/public_finance/budget/fy_2009/20060901/the_longterm_mismatch_between_available_resource
[18] http://www.masstaxpayers.org/sites/masstaxpayers.org/files/Five-Year Fiscal Analysis Release_0.pdf
[19] http://www.masstaxpayers.org/sites/masstaxpayers.org/files/Five-Year Fiscal Analysis Report.pdf