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- January 12 2017
Massachusetts municipalities are doing more with less from the state as they continue to tighten their belts and rely more on local receipts to keep mounting debt obligations at bay, according to the Massachusetts Taxpayers Foundation’s (MTF) 46th Municipal Finance Data booklet released today.
- 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.
- October 31 2013The Foundation testified on the enormous $46 billion in unfunded retiree health care liabilities facing Massachusetts state and municipal governments.
- October 10 2013With only $63 billion set aside, the state and municipalities have funded less than half—just 43 percent—of the $146 billion they need to pay for benefits already promised to current employees and retirees.
- July 25 2013Facing unaffordable retiree health care costs, municipalities are searching for ways to control costs that do not require state legislative action. This presentation details some of the options available to municipalities under current law.
- December 20 2012Over the last eight months, the state’s OPEB Commission has done an enormous amount of good work in addressing the unaffordable costs of retiree health care facing the state and municipalities.
- December 13 2012
Municipal revenues and expenditures grew by just 2.7 percent to $22.6 billion in fiscal 2012, leaving Massachusetts cities and towns in the midst of a three-year slowdown that is unprecedented in the Proposition 2 ½ era, according to the Massachusetts Taxpayers Foundation’s 42nd annual Municipal Financial Data report released today.
- July 11 2012
The Foundation’s latest release, issued jointly with The Boston Foundation and Metropolitan Area Planning Council, summarizes the enormous success of the state’s municipal health insurance law on the one-year anniversary of its passage by the Legislature. First-year savings have now reached an astonishing $175 million statewide as at least 160 cities and towns have taken steps to implement changes in their health plans.
- May 24 2012
Implementation of the 2011 municipal health reform law is vastly surpassing expectations as 102 Massachusetts communities have negotiated agreements with employees that will generate $117 million in first year savings, according to a new analysis released today by the Massachusetts Taxpayers Foundation.
