View more in FY 2010
- December 10 2009Despite steps taken by the Governor and Legislature, the fiscal 2010 budget is $300 - $500 million out of balance. Because of the heavy reliance on one-time funds in 2010, the state faces a structural deficit of $3 billion in fiscal 2011, which will require spending reductions comparable to cuts in 2010 spending.
- October 9 2009President Michael J. Widmer presented MTF's revised fiscal 2010 revenue forecast to the Senate and House Ways and Means Committee.
- October 6 2009MTF President Michael Widmer presented an overview of state and local finances to the Boston Municipal Analyst Forum
- September 14 2009
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.
- May 5 2009
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.
- April 28 2009The Foundation addresses several questions about an increase in the state's sales tax including how much would be raised, what it will cost the average taxpayer and how Massachusetts compares with other states.
- March 10 2009At the request of the House Speaker and House Ways and Means Chair, MTF President Michael Widmer made a presentation for the full House of Representatives on the state's large and growing deficits.
- December 15 2008The global economic recession will lead to a large decline in state tax revenues in fiscal 2009 and 2010, according to a forecast released today by the Massachusetts Taxpayers Foundation.
