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State Fiscal Crisis - No End in Sight

abagley — Thu, 10 Dec 2009 14:32:09 -0600

Despite 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.

MTF Forecast: Fiscal 2010 Revenues $600 Million below Consensus

abagley — Fri, 09 Oct 2009 16:07:32 -0500

President Michael J. Widmer presented MTF's revised fiscal 2010 revenue forecast to the Senate and House Ways and Means Committee.

State and Local Finances - Update

abagley — Wed, 07 Oct 2009 11:20:35 -0500

MTF President Michael Widmer presented an overview of state and local finances to the Boston Municipal Analyst Forum

Overview of State and Local Finances

abagley — Mon, 14 Sep 2009 10:35:02 -0500

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.

New Revenue Forecast

abagley — Tue, 05 May 2009 14:17:16 -0500

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.

The Sales Tax Debate - Update

abagley — Tue, 28 Apr 2009 15:36:30 -0500

The 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.

State Finances: A large and Growing Crisis

abagley — Tue, 10 Mar 2009 14:36:34 -0500

At 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.

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.