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MTF Forecast: Dramatic Drop in Revenues in Fiscal 2009 and 2010

abagley — Mon, 15 Dec 2008 14:09:49 -0600

The 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.

MTF Revenue Forecast: Reasonable Growth in 2008 but Small Rise in 2009

dlind — Thu, 05 Jun 2008 08:37:49 -0500

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.

MTF Forecast: Sharp Slowdown in Growth of Tax Revenues

dlind — Thu, 05 Jun 2008 08:46:56 -0500

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.

MTF Forecast: Slowing Revenue Growth in 2006 and 2007

dlind — Thu, 05 Jun 2008 09:07:04 -0500

Tax revenues will increase roughly five percent per year in 2006 and 2007-down from the almost seven percent average pace of the last two years-as the state's workforce continues to expand at less than half the national rate, according to a forecast released today by the Massachusetts Taxpayers Foundation.

MTF Forecast: Revenue Shortfall in 2003, Weak Growth in 2004

dlind — Thu, 05 Jun 2008 09:55:51 -0500

Because of the continuing weakness of the state and national economy -- and the uncertainty about future economic growth -- state tax revenues will fall short in fiscal 2003 and grow at an anemic pace in 2004, according to a forecast presented by MTF to members of the House and Senate Ways and Means Committees at their annual revenue hearing.

MTF Forecast: Flat Revenues in 2003 Following $1.8 Billion Decline in 2002

dlind — Thu, 05 Jun 2008 10:17:37 -0500

After plummeting more than $1.8 billion in fiscal 2002, state tax revenues will remain flat in 2003 as gains from a projected mild recovery are offset by the impact of prior tax cuts, according to a forecast presented by MTF to members of the House and Senate Ways and Means Committees at their annual revenue hearing.

Budget Stalemate, Declining Revenues Pose Serious Risks

dlind — Thu, 05 Jun 2008 10:26:52 -0500

MTF warns that the state could face a $900 million revenue shortfall in 2002 if the trend of declining revenues in the first two months of the fiscal year continues. At the same time, not only is legislative approval of the fiscal 2002 budget woefully overdue, both the House and Senate version of this year's spending plan are out of balance even before factoring in the latest bad revenue news.

MTF Forecast: Slower Revenue Growth in 2001 and 2002

dlind — Thu, 05 Jun 2008 10:39:56 -0500

Given the recent economic downturn, state tax revenue growth will slow markedly in fiscal 2001 and 2002, according to a forecast presented by MTF to members of the House and Senate Ways and Means Committees at their annual revenue hearing.