In a presentation to business and government leaders, MTF President Michael Widmer described the global recession's enormous impact on state and local finances and the state's dependence on $5 billion of one-time state and federal funds to balance the fiscal 2009 and 2010 budgets.
State tax revenues likely to collapse an unprecedented $3.1 billion from fiscal 2008, according to a new revenue forecast released today by the Foundation.
Links:
[1] http://www.masstaxpayers.org/fy_2010
[2] http://www.masstaxpayers.org/publications/public_finance/budget/fy_2010/20091210/state_fiscal_crisis_no_end_sight
[3] http://www.masstaxpayers.org/sites/masstaxpayers.org/files/State fiscal crisis bulletin with header.pdf
[4] http://www.masstaxpayers.org/publications/public_finance/budget/fy_2010/20091009/mtf_forecast_fiscal_2010_revenues_600_million_be
[5] http://www.masstaxpayers.org/sites/masstaxpayers.org/files/revenue forecast with header_oct_09.pdf
[6] http://www.masstaxpayers.org/publications/public_finance/budget/fy_2010/20091006/state_and_local_finances_update
[7] http://www.masstaxpayers.org/sites/masstaxpayers.org/files/econ_presentation_10_06_09.pdf
[8] http://www.masstaxpayers.org/publications/public_finance/budget/fy_2010/20090914/overview_state_and_local_finances
[9] http://www.masstaxpayers.org/sites/masstaxpayers.org/files/mass_fiscal.pdf
[10] http://www.masstaxpayers.org/publications/public_finance/budget/fy_2010/20090505/new_revenue_forecast
[11] http://www.masstaxpayers.org/sites/masstaxpayers.org/files/revenue forecast.PDF
[12] http://www.masstaxpayers.org/publications/public_finance/taxes/sales_tax/20090428/the_sales_tax_debate_update
[13] http://www.masstaxpayers.org/sites/masstaxpayers.org/files/sales_tax_backgrounder_house_update.pdf
[14] http://www.masstaxpayers.org/publications/public_finance/budget/fy_2010/20090310/state_finances_a_large_and_growing_crisis
[15] http://www.masstaxpayers.org/sites/masstaxpayers.org/files/03_10_09_fiscal_house.pdf
[16] http://www.masstaxpayers.org/publications/public_finance/budget/fy_2010/20081215/mtf_forecast_dramatic_drop_revenues_fiscal_2009_
[17] http://www.masstaxpayers.org/sites/masstaxpayers.org/files/Economic forecast.pdf