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- January 7 2014The Foundation released its 43rd annual report on municipal finances concluding that despite a modest rebound in revenues, municipalities find themselves in a long-term budget squeeze because the costs for pensions, employee and retiree health care, and debt service are rising faster than revenues.
- December 11 2013
Tax revenues will grow by $1.1 billion, or 4.7 percent, to $24.37 billion in fiscal 2015, continuing the trend of modest growth yet still below that of previous economic recoveries, according to a new forecast released today by the Massachusetts Taxpayers Foundation.
“Despite an improving economic picture, the 2015 budget will challenge lawmakers once again,” Widmer said.
- September 26 2013The Massachusetts Taxpayers Foundation applauds the Legislature for its vote to repeal the sales tax on computer and software services. This was a difficult but important vote, and the Foundation commends legislators for their quick action to repeal the tax and to make the repeal retroactive.
- September 9 2013
The Foundation’s comprehensive 50-state analysis shows that the recently enacted software services tax is the most burdensome in the nation. The Excel file allows users to compare Massachusetts to 49 other states on the tax treatment of 11 different categories of computer and software services.
- August 7 2013Citing the recently passed technology tax “as a grave danger to the future of the innovation economy,” 20 Massachusetts business leaders, representing both small and large companies, today filed an initiative petition to repeal the recently enacted 6.25% sales tax on computer and software technology services.
- June 26 2013This is the most sweeping such tax in the nation. It strikes at the heart of the state’s innovation economy and will stifle job creation for years to come.
- March 19 2013The Governor’s proposed sales tax on computer and data processing and custom software would have very serious ramifications for major sectors of the state’s economy.
- January 30 2013
The Foundation’s analysis of the Governor’s tax proposal shows that the elimination of the personal income tax exemptions and the additional corporate taxes account for most of the $1.9 billion in new revenues. The analysis also summarizes the 44 personal income tax exemptions and deductions that he has proposed to eliminate.
- December 11 2012
Fiscal 2014 tax revenues will grow by $835 million, or 3.9 percent, to $22.37 billion, according to a new forecast released today by the Massachusetts Taxpayers Foundation.“While fiscal 2014 shows an improving revenue picture, we are still a long way from experiencing the level of revenue growth of prior economic recoveries,” Widmer said.