MTF In The News

Editorial: Pandemic leads to belt-tightening

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May 26 2020

The Greenfield Recorder

The Massachusetts Taxpayers Foundation, a leading Beacon Hill watchdog group, recently revised its tax revenue forecast for next year, now predicting the state could collect $6 billion less than anticipated just five months ago.
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Timeline for Massachusetts budget proposals hinges on outcome of coronavirus aid package

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May 21 2020

By Steph Stolis, MassLive

The Massachusetts Taxpayers Foundation, a state watchdog group, issued a revised report this week projecting the state could collect $6 billion less in tax revenues in fiscal 2021 because of the coronavirus pandemic. MTF President Eileen McAnneny projected in April that the state would collect $4.4 billion less in tax revenues next fiscal year.
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DeLeo plans to prioritize transportation, budget, small business

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May 21 2020

By Jon Chesto, The Boston Globe

Last week, the Massachusetts Taxpayers Foundation estimated that state tax revenues will fall by $6 billion, or nearly 20 percent, in the next fiscal year, from the revenue outlook that state leaders established in January.
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Budget working group prepares for stormy fiscal 2021

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May 20 2020

By John Osborn, The Harvard Press

But defeat of the override will seem like a spring shower compared to the hurricane-sized threat posed by a potential COVID-caused loss of $800,000 to $1 million in state aid.
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Massachusetts Taxpayers Foundation Sees State's Finances Worsening

May 19 2020

By Paul Tuthill, WAMC

A Beacon Hill watchdog projects the state is facing a $6 billion revenue shortfall in the fiscal year that starts July 1. The report from the Massachusetts Taxpayers Foundation said Massachusetts will need to find new revenue, or drastically cut spending. WAMC’s Pioneer Valley Bureau Chief Paul Tuthill spoke with Massachusetts Taxpayers Foundation president Eileen McAnneny.

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Experts predict long, slow climb toward economic recovery

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May 18 2020

By Larry Edelman and Shirley Leung, The Boston Globe

McAnneny now expects the shutdown to raise the state unemployment rate to 22 percent by the end of June. She projects that 323,000 jobs will be recovered by June 2021, but employment is unlikely to return to pre-pandemic levels before 2024.
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Foundation: Mass. fiscal situation worsening

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May 18 2020

By Bruce Mohl, CommonWealth Magazine

McAnneny said the foundation’s analysis was completed before Gov. Charlie Baker released his plan for the state’s reopening on Monday. She said the foundation’s analysis assumes that economic activity will resume this summer, but it will be slow and uneven, resulting in lower tax revenues.
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‘Deteriorating economic outlook’ dims state budget picture

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May 18 2020

By Matt Murphy, State House News Service / WWLP

“More current data indicate that the economy is unlikely to ramp up quickly and the job loss will be far greater than originally expected. As the size, scope, and duration of this public health crisis grow, we have revised our forecast to reflect the deteriorating economic outlook.

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Worcester’s economy post-coronavirus will need sacrifice, investment

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May 11 2020

By Roberta Schaefer, The Telegram

A recent report (April 14) from the Massachusetts Taxpayers Foundation (MTF) assesses the state’s fiscal condition. MTF forecasts that because of the shutdown of most businesses, the Commonwealth will collect $4-$6 billion, or at least 14.1 percent less in revenues than anticipated, for the current fiscal year.
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Editorial: Revenue hit imperils increased education funding

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May 8 2020

The Boston Herald

In a letter to Senate Ways and Means Chairmen Michael Rodrigues, Aaron Michlewitz and Administration and Finance Secretary Michael Heffernan, the chief fiscal 2021 budget planners, Massachusetts Taxpayers Foundation President Eileen McAnneny offered a few ideas on how to deal with budget shortfalls, which include delaying the implementation of the new school funding law and reducing a planned boos
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Massachusetts Pushes Forward Plan to Borrow Billions

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May 6 2020

By Adrianne Appel, Bloomberg News

The Massachusetts Taxpayers Foundation, an influential think tank in Boston, disagreed that borrowing would be the best way to fill the shortfall.

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McAnneny op-ed: State budget process must go on

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May 4 2020

Boston Business Journal

The coronavirus pandemic has disrupted seemingly everything about our normal routines, and the state’s budget process on Beacon Hill is no exception. Three of the unique challenges facing lawmakers warrant mentioning.
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Biz group floats idea of delaying ed funding law

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May 4 2020

By Colin Young, State House News Service / SouthCoast Today

“It seems highly likely that the fiscal 2021 budget will be most difficult in recent memory,” Massachusetts Taxpayers Foundation President Eileen McAnneny wrote in a letter to Ways and Means Chairmen Sen. Michael Rodrigues and Aaron Michlewitz and Administration and Finance Secretary Michael Heffernan, the chief architects of the forthcoming fiscal 2021 budget.
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Pandemic puts tax plans on hold

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May 2 2020

By Christian Wade, The Gloucester Times

The Massachusetts Taxpayers Foundation predicts the state will see a $4.4 billion drop in tax revenues in the fiscal year that begins July 1, a figure that could grow depending on how long people are out of work.
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Coronavirus brings belt-tightening to Hingham budget

Apr 30 2020

By Audrey Cooney, Wicked Local Hingham

To calculate several other expected revenues, the town is anticipating a 14.1 percent drop from previous predictions. This thinking, Mayo said, was influenced by the Massachusetts Taxpayers Foundation, which is predicting the state will see a 14.1 percent reduction in state revenue in Massachusetts.
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House Dems back away from recorded vote change

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Apr 29 2020

By Michael Norton, State House News Service / The Salem News

McAnneny, of the business-backed taxpayers foundation, says the CARES Act is "insufficient to mitigate the economic impacts of the pandemic." In her testimony earlier this month, McAnneny highlighted the role that federal funds can play by pointing the $7.4 billion in American Recovery and Reinvestment Act funds that the federal government delivered to Massachusetts between fiscal 2009 and fiscal
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Can the US economy recover from coronavirus if the budgets of its states are a fiscal disaster?

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Apr 28 2020

By Jim Puzzanghera, MSN News

The Massachusetts Taxpayers Foundation, a budget watchdog group backed by businesses, estimated the state’s revenue for the next fiscal year could drop $3.9 billion, or 15 percent, below past projections. New York said revenues could fall by as much as $15 billion in its fiscal year that started April 1. Illinois is expecting more than $7 billion in lost revenue through July 2021.
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Newburyport School Committee to create "one-twelfth" budget

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Apr 22 2020

By Heather Alterisio, The Daily News

According to the Massachusetts Taxpayers Foundation, "We can anticipate a $4.4 billion loss of revenue in the state next year," Holaday said, adding that it's the "best-case scenario if we are able to open the state and businesses by early July."

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Quick recovery? Not likely in Massachusetts, as a coronavirus-induced recession stuns economy

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Apr 18 2020

By Shirley Leung and Larry Edleman, The Boston Globe

This time around, the Massachusetts Taxpayers Foundation forecasts unemployment approaching 18 percent by the end of June, with 570,000 jobs disappearing in recent weeks. Many of those jobs will be recovered by next spring, but total employment won’t return to pre-crisis levels until 2022, the foundation predicts.
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Ground shifting beneath Senate revenue group

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Apr 17 2020

By Colin Young, State House News Service / The Daily News

The virtual meeting began Thursday with presentations from Massachusetts Budget and Policy Center President Marie-Frances Rivera and Massachusetts Taxpayers Foundation President Eileen McAnneny, each of whom detailed the forecasts they provided earlier this week at a hearing designed to help state budget managers chart a path through the end of fiscal 2020 and into the uncertainties of fiscal year
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Confirmed Coronavirus Cases Top 30,000 In Massachusetts

Apr 16 2020

NEPR

The Massachusetts Taxpayers Foundation projected a revenue decline of $4 billion for the state's fiscal year 2021 budget. A Senate working group that had been studying tax code changes indicated it will struggle to make recommendations while the pandemic is ongoing.
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Shirley Leung: The Economy Likely Won't Reopen Until July

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Apr 16 2020

By Zoe Mathews, WGBH

Boston Globe business columnist Shirley Leung told Boston Public Radio on Thursday economic forecasts from Moody's Analytics and the Massachusetts Taxpayers Foundation put the state's economic reopening into July.
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‘Nerve-Racking’: Unemployment Continues to Worsen in Massachusetts

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Apr 16 2020

By Alison King, NBC Boston

Bagley with the Massachusetts Taxpayers Foundation says the organization predicts an ultimate 18% unemployment rate in the Bay State.
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News from around our 50 states

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Apr 16 2020

USA Today

Massachusetts budget watchers are predicting a steep drop in revenue in the face of the coronavirus economic shutdown. Democratic House Ways and Means Chairman Aaron Michlewitz said the House typically holds its budget debate in April, a timeline he said is no longer feasible.
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Sales tax hit could affect school construction

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Apr 15 2020

By Chris Lisinski, State House News Service / WWLP

The Massachusetts Taxpayers Foundation estimated sales tax revenues will drop $1.5 billion due to closures in public life and loss of personal income as a result of widespread layoffs and furloughs.
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State's economic outlook uncertain amid outbreak

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Apr 15 2020

By Christian Wade, The Daily News

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, predicted the state budget to be hobbled by a $4.4 billion drop in tax revenues in the fiscal year that begins July 1, and even that could change depending on how long it takes to get people back to work. Sales tax collections will take a projected $1.5 billion hit, she said, as consumers put off major purchases such as cars.
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State budget writers hear dire forecasts during economic roundtable with key experts

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Apr 14 2020

Mass. Municipal Association

One of the panelists, the Massachusetts Taxpayers Foundation, projected that tax collections in fiscal 2021 will drop by $4.4 billion, or 14.1 percent below the benchmark that top budget officials agreed to back in January.
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Coronavirus-induced Massachusetts budget crisis could cause ‘human suffering’ without federal bail out

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Apr 14 2020

By Erin Tiernan, Boston Herald

Tax revenue gains that lawmakers had hoped to use on education and transportation this year have been decimated as the economy has ground to a halt because of COVID-19. Revenues are now projected to fall by $4.4 billion — or 14.1 percent — below the benchmark reached in January, according to a Massachusetts Taxpayers Foundation report.
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Coronavirus-induced Massachusetts budget crisis could cause “human suffering” without federal bail out

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Apr 14 2020

NewsCoverage New Zealand

Foundation President Eileen McAnneny described the “sudden and steep onslaught” of the economic crisis that Massachusetts and the nation are experiencing as coronavirus has tightened its grip. Massive layoffs have sent the unemployment rate skyrocketing to almost 18 percent, with many economists warning it could get even worse in the coming months.
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Coronavirus leaves economists uncertain: 8 takes on COVID-19′s final toll on Massachusetts

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Apr 14 2020

By Colin A. Young, Chris Lisinski and Katie Lannan, State House News Service / MassLive

Tax collections that lawmakers had hoped would propel big investments in education and transportation this year are now projected to fall by $4.4 billion, or 14.1 percent below the benchmark that top budget officials agreed to back in January, according to an analysis released Tuesday by the Massachusetts Taxpayers Foundation.
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‘Sobering’ estimates mean budgeting with billions less

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Apr 14 2020

By Matt Murphy, State House News Service / Daily Hampshire Gazette

Massachusetts Taxpayers Foundation President Eileen McAnneny said unemployment in the second quarter of 2020 could push toward 18 percent, with 570,000 jobs lost and a $4.4 billion, or 14.1%, decline in projected revenue for the next fiscal year. McAnneny said Massachusetts could recover 410,000 jobs within a year, but employment won't reach pre-virus levels until 2022.
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Virus news: Police officer dies; daily death toll passes 100

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Apr 14 2020

By Steve LeBlanc & Alanna Durkin Richer, AP / The Times

Massachusetts Taxpayers Foundation President Eileen McAnneny said the state could see a decline of billions of dollars in revenue and massive layoffs as high as 570,000 that could push the unemployment rate to nearly 18%.
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Dire economic picture sketched in series of reports

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Apr 2 2020

By Colin Young, State House News Service / The Herald News

“Simply stated, COVID-19 is a Cat 5 hurricane hitting global economies simultaneously,” MTF wrote in its analysis. “The initial impacts are staggering -- to people and families, first responders, health care professionals, employers and employees, and the world’s economy. The scale and duration of the pandemic are as yet unknown.”
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State budget writers are starting over

Apr 1 2020

By Shira Schoenberg, Commonwealth Magazine

The Massachusetts Taxpayers Foundation estimated the revenue shortfall in the current fiscal year will be between $300 million and $500 million, while the Center for State Policy Analysis pegged it at between $500 million and $750 million. Both organizations said the shortfall could exceed $2 billion in fiscal 2021.
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More Help Is Likely on the Way for States and Localities and the Coronavirus-caused Recession

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Mar 31 2020

By Paul W. Taylor & Girard Miller, Governing Magazine

Massachusetts is facing scrutiny on two fronts as public markets collapse and pressure on government pensions for its nearly 300,000 public employees and retirees and budgets rise. The commonwealth’s credit rating could take the real hit in all of this.
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State revenue shortfall could reach $3 billion

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Mar 30 2020

By Shira Schoenberg, Commonwealth Magazine

The analysis by the center is similar to a report released March 17 by the business-backed Massachusetts Taxpayers Foundation. The foundation analysis estimated a lower revenue falloff — $300 million to $500 million – in the current fiscal year. But it estimated a similar impact — $2 billion to $3 billion — for fiscal 2021.
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Delayed Tax Day Forces Beacon Hill Into Emergency Budget Hole

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Mar 30 2020

By Mike Deehan, WGBH

"The COVID-19 pandemic is a public health emergency that is causing a public finance emergency in Massachusetts," said a new analysis of the state's fiscal outlook by the Massachusetts Taxpayers Foundation published Monday.
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Coronavirus could cause Mass. lawmakers to rethink the state budget

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Mar 12 2020

By Jon Chesto, The Boston Globe

The margin for error already seemed slim: The business-backed Massachusetts Taxpayers Foundation issued a report on Wednesday highlighting several uncertain aspects of Governor Charlie Baker’s spending plan for the next fiscal year.
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A role for employers in battling opioid scourge

Jan 22 2020

By Jon Chesto, The Boston Globe

The Massachusetts Taxpayers Foundation is best known for the critical eye it casts on state finances. But the business-backed group is also using its data-crunching for another purpose: curbing opioid abuse. President Eileen McAnneny is spearheading an initiative called Mass.
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Massachusetts state pension, debt liability ‘at crisis level’

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Jan 16 2020

By Joe Dwinnel, The Boston Herald

“We’re talking about big increases and every year and the cost is expected to go up almost 10% a year,” said Heath Fahle, policy director for the Massachusetts Taxpayers Foundation. “Health care, local aid, public safety, MBTA and road projects all get squeezed a little by these rapidly growing pension payments,” said Fahle.
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State budget gap pegged at $900 million in new report

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Jan 15 2020

By Michael Norton, State House News Service / The Lowell Sun

The Massachusetts Taxpayers Foundation on Wednesday predicted the upcoming budget cycle will differ significantly from the last two, during which tax receipts shattered projections and enabled the state to bulk up its cash reserves, pass one-time investments, and push the state budget up to $43.3 billion.
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Rockland Trust among companies pledging to be recovery friendly

Jan 15 2020

By Katie Lannan, State House News Service / Wicked Local

Massachusetts Taxpayers Foundation President Eileen McAnneny said addressing the opioid epidemic is an “economic imperative,” and that MTF is hoping to draw as many employers as possible into the effort. Initial participants include John Hancock, KPMG, Liberty Mutual, PwC, Bank of America, Rockland Trust and EY, among others.
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State faces $900 million budget gap, watchdog warns

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Jan 15 2020

By Matt Stout, The Boston Globe

The analysis by the Massachusetts Taxpayers Foundation suggests that lawmakers may have to consider “tax increases or spending cuts” to balance the state’s $43 billion-plus budget. It would mark a stark reversal from recent years when officials’ primary money problem was jostling over ways to spend an unexpected windfall amid back-to-back years with a $1 billion surplus.
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Businesses launch effort to help employees struggling with opioids

Jan 14 2020

By Jessica Bartlett, Boston Business Journal

Massachusetts businesses have launched a year-long initiative to address the opioid crisis, forming a new coalition to reduce stigma and increase access to treatment.
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Employers asked to make workplaces recovery-friendly

Jan 14 2020

By Katie Lannan, State House News Service / Worcester Business Journal

The Massachusetts Taxpayers Foundation on Tuesday launched its Mass C.A.R.E.S. -- Massachusetts Communication and Awareness around Recovery and Employer Support -- program, asking participating businesses to pledge to do at least four things in 2020 to make their workplaces more recovery-friendly. Suggested "action steps" include completing a risk assessment and revisiting employee benefit design.
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Massachusetts Employers Urged To Join Together To Combat Opioid Epidemic

Jan 14 2020

By Paul Tuthill, WAMC

This coalition was formed by the Massachusetts Taxpayers Foundation in response to the organization’s research into the economic impact of the drug addiction crisis. The official kick-off of Mass. C.A.R.E.S. – an acronym for Communication and Awareness around Recovery programs and Employer Support – was today in Boston.
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Businesses owe more than $160 million in back taxes in Mass.

Nov 17 2019

By Mary Markos, Boston Herald / NH Union Leader

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation and co-chair of the income tax subcommittee within a Senate Revenue Working Group charged with revamping the state’s tax code, said that members have discussed ways to ensure maximum adherence to existing laws.
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House uses FY19 surplus to shore up reserves and pad ed spending

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Oct 17 2019

By Colin A. Young and Chris Lisinski, State House News Service / MassLive

Wednesday's session did not unfold without tension. Rep. Maria Robinson filed an amendment that would have stripped a section of the bill that decouples Massachusetts from the federal tax code, citing a Massachusetts Taxpayers Foundation analysis that the change could cause the state to forego up to $37 million in fiscal year 2020 revenue by allowing corporations to continue deducting interest.
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Businesses increasingly worry about an economic contraction in 2020

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Oct 8 2019

By Jon Chesto, The Boston Globe

Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation, says it’s not really surprising that employers are worrying more about the end to a decade-plus of economic expansion. But there are mixed signals, still: She points to the latest jobs numbers from the Bureau of Labor Statistics that show the country’s unemployment rate fell to its lowest point in 50 years.
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Industry sets stage for film tax credit fight

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Sep 24 2019

By Andy Metzger, Commonwealth

The Massachusetts Taxpayers Foundation is among the groups that hopes the film tax credit is in its final seasons, believing the funding could be better spent on “other priorities.” “We are opposed to the film tax credit. We’ve had long-standing opposition,” said Eileen McAnneny, president of the business-backed group. “Most of the money goes to firms outside of Massachusetts.”
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Would You Pay To Beat Traffic? Mass. Considers Tolled Express Lanes To Curb Congestion

Sep 5 2019

By Zeninjor Enwemeka, WBUR

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, says express lanes are worth exploring but the state should also try to get people to ditch their cars altogether by adding tolls.
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Is Baker’s $18 billion bond bill a game changer for commuters?

Jul 31 2019

By Shirley Leung, The Boston Globe

“The question is: Is it enough money for what? To deliver a 21st century transportation system, perhaps not,” said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation. “Does it fund the capital investment plan and put us on the way? Yes.”
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Late budget isn't a ‘governance weakness’

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Jul 10 2019

By Heath Fahle, CommonWealth Magazine

There should be no doubt that late budgets cause problems, though not the problems cited by Moody’s. For example, Moody’s worried that local governments would not receive monthly payments. The Commonwealth’s interim budget legislation is brief (less than 250 words), but it authorizes local aid payments explicitly.
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Keller @ Large: What Encore Boston Harbor Opening Means For Tax Revenue

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Jun 23 2019

By Jon Keller, WBZ

BOSTON (CBS) – Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, joined WBZ-TV political analyst Jon Keller this week on Keller @ Large to discuss the state of tax issues in the state.

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Will state’s bet on Encore casino pay off? We’re about to find out

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Jun 22 2019

By Joshua Miller, The Boston Globe

Casino revenue is “not a panacea,” said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, a fiscal watchdog group. “Nor will it solve the Commonwealth’s long-term fiscal challenges by any stretch,” though it could help fund new or supplement existing services.

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Boston business leaders weigh in on second go-around for a ‘millionaire’s tax’

Jun 15 2019

By Kalina Newman, South Coast Today

The MTF statement cited doubts over whether the estimated $2 billion in tax revenue would go towards the proposed transportation and education, or would even materialize at all. ″[T]he power to appropriate revenue in the state budget rests solely within the Legislature and cannot be guaranteed in the constitution,” according to the statement.
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Mass. business groups lay out ed reform wish list

Jun 13 2019

By Katie Lannan, State House News Service / MetroWest Daily News

The letter, circulated by the Massachusetts Business Alliance for Education and signed by groups including Associated Industries of Massachusetts, the Massachusetts Taxpayers Foundation and the Greater Boston Chamber of Commerce, said employers are reporting trouble finding qualified candidates for open jobs while students are graduating unprepared to secure those positions.

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Baker urges high tech leaders to help in housing, education

Jun 10 2019

By Matt Murphy, State House News Service / The Salem News

The Massachusetts Taxpayers Foundation echoed the message from Anderson in an analysis released Monday where the group concluded that the millionaires tax was not "sound tax policy." The foundation also said the estimated $1.9 million in new tax revenue was "unlikely" to materialize due to the mobility of wealthy taxpayers and the volatility of capital gains taxes.
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For ‘millionaires tax,’ debate rages on

May 24 2019

By Kalina Newman, The Metrowest Daily News

The Massachusetts Taxpayers Foundation, a business-funded public policy organization, has been vocal in its opposition and views the tax as a “far-reaching and unguided experiment that risks the state’s economic well-being.” The MTF statement expressed doubts over whether the estimated $2 billion in tax revenue would go toward the proposed transportation and education, or would even material
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Prop 2 1/2 overrides disappearing, but taxpayers still pay

May 20 2019

By Eli Sherman, Wicked Local

But within the last decade, new construction and rising property values have helped boost local revenue, offsetting a declining share of state aid provided to municipalities, which fell to 19 percent of municipal revenue in fiscal 2018 compared to 28 percent in fiscal 1999, according to a 2019 report by the Massachusetts Taxpayers Foundation.
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Report details shortcomings at local public health agencies

May 7 2019

By Michael P. Norton and Colin A. Young, State House News Service / The Metrowest Daily News

State Public Health Commissioner Monica Bharel, who chaired the Special Commission on Local and Regional Health, which produced the report, visited Beacon Hill on Tuesday to release a summary of the report and the commission’s recommendations.
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Are there enough gamblers to keep Bay State casinos in business?

May 6 2019

By Bob Dumas, Boston 25 News

The Massachusetts Taxpayers Foundation estimates the state will reap close to $300 million in FY2020.
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April tax haul could fatten state savings account

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May 6 2019

By Matt Murphy, State House News Service / The Taunton Daily Gazette

Taxpayers Foundation President Eileen McAnneny said legislators should not spend the possible surplus on operating budget expenses, but rather save it toward the next “milestone” of $3 billion in reserves, or use it to pay down debt and pension liabilities and invest in one-time priorities like fixing the state’s transportation system or preparing for climate change.
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Jobs, local aid set to flow from Everett casino

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May 1 2019

By Colin Young, State House News Service / The Salem News

In a report published Wednesday, the Massachusetts Taxpayers Foundation said the state is "essentially on pace" to collect its anticipated $138 million in gaming revenue this fiscal year and can expect to collect $294 million in fiscal year 2020, which will begin about a week after Encore Boston Harbor's anticipated opening date.
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Editorial: House budget holds the line, but for how long?

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Apr 20 2019

The Boston Globe

But as the Taxpayers Foundation points out, there are also some trip wires out there — items perpetually underfunded. When Administration and Finance Secretary Mike Heffernan announced the governor was putting in $100 million for snow and ice removal, his staff cheered — because, of course, that account is always underfunded.
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Capital gains eyed by state rep. as way to boost revenue

Apr 19 2019

By Katie Lannan, State House News Service / The Lowell Sun

Massachusetts Taxpayers Foundation President Eileen McAnneny said lawmakers should be "very careful" in considering changes to the capital gains tax rate, warning of potential unintended consequences like discouraging people from investing or saving. McAnneny noted that money a person invests has often already been taxed when it is earned as income.
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Lawmakers seek $10M to avoid UMass tuition increase

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Apr 18 2019

By Katie Lannan, State House News Service / The Daily News

According to the Massachusetts Taxpayers Foundation, the Ways and Means budget bumps higher education funding $55 million above this year's spending levels, with $40 million in additional support for UMass and $12 million for state universities and community colleges, "primarily associated with collectively bargained increases in wages and salaries."
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On budget planning, be cautious

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Apr 10 2019

By Eileen McAnneny, CommonWealth Magazine

THE MASSACHUSETTS LEGISLATURE’S House Ways and Means Committee will unveil on Wednesday its budget proposal for state fiscal year 2020, which begins on July 1.
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Editorial: Should Massachusetts continue its film tax credit?

Apr 5 2019

By Eileen McAnneny, The Boston Globe

The Massachusetts Taxpayers Foundation is an opponent of the film tax credits for two primary reasons: the inefficiency of the credit and the sub-optimal use of limited taxpayer resources.
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Our view: When an override works

Mar 19 2019

The Sun Chronicle

Of late, though, overrides have become less popular statewide, according to the Massachusetts Taxpayers Foundation, which is, despite its folksy title, a group representing business interests. The association’s annual financial data report on municipal government found last year set a record for the fewest number of overrides.
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Latest economic reports are cautionary tales

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Mar 5 2019

By Jon Chesto, The Boston Globe

Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation, says she’s not worried about this year. But the slowdown in growth could make it harder to budget for the fiscal period that begins July 1. In many ways, McAnneny says, we’re living on borrowed time with this decadelong recovery.

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For emergency departments, incredible crowding can be normal

Mar 2 2019

By Liz Kowalczyk, The Boston Globe

While the number of overall emergency department visits has been declining in the state, Massachusetts residents still use them at a rate 11 percent higher than the US average. “We’re trending in the wrong direction if we’re expanding,’’ said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, which is part of the coalition.
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Viewpoint: Businesses must play role in fighting addiction epidemic

Feb 28 2019

By Michael Botticelli, Boston Business Journal

Two recent studies commissioned by RIZE Massachusetts show how widespread the effect is on the Massachusetts workforce and economy. The Massachusetts Taxpayers Foundation estimates the cost at nearly $5 billion in lost productivity and increased health care spending.
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Five transportation assignments for Legislature

Feb 19 2019

By Eileen McAnneny, CommonWealth Magazine

A shared commitment by business and legislative leadership and other stakeholders to making measurable progress on the Commonwealth’s transportation agenda in the next 2-3 years with the commission’s report serving as the road map could be revolutionary indeed.
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Our view: Time to plan for tough times is now

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Feb 11 2019

Gloucester Daily Times

“With April being the largest month for tax collections, it is unlikely policymakers will have significantly more information about tax revenue available before the House and Senate budgets are published in the spring,” said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation.
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‘Millionaire tax’ amendment rises again at Statehouse

Feb 10 2019

By Bob Salsberg, AP / Boston Herald

“It’s a different process and I think they’re right,” said Eileen McAnnenny, president of Massachusetts Taxpayers Foundation. “Because this is not a citizen’s petition the prohibitions don’t apply.”
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MTF: COLLECTIONS THROW UP "YELLOW LIGHT" ON SPENDING

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Feb 6 2019

By Michael Norton, State House News Service

Massachusetts Taxpayers Foundation President Eileen McAnneny said Wednesday that with revenues trailing fiscal 2019 budget benchmarks by $400 million with five months left in the fiscal year, the state this year may be on track to make a smaller deposit into its rainy day fund than expected.
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Baker’s budget proposal will include changes to education funding formula

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Jan 23 2019

By Matt Stout and Victoria McGrane, The Boston Globe

The proposal speaks to the importance and the urgency around climate change mitigation, said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation. But that its champion is Baker, a Republican who has signed but generally not proposed tax hikes in the past, signals an approach to starting conversations about revenue “that we didn’t see in the first term, for sure,” she said.
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State payroll climbs to $7.2 billion last year

Jan 16 2019

By Matt Rocheleau, The Boston Globe

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said the spike in six-figure earners raised questions, as did the increases in overtime spending.
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A recap and analysis of the week in state government

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Dec 13 2018

Market Screener

"While the time and severity of the next economic downturn is unknowable, by historic markers, we are on borrowed time," Massachusetts Taxpayers Foundation President Eileen McAnneny told the House and Senate Ways and Means committees at this year's consensus revenue hearing.

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Employers push education to reduce ER visits

Dec 12 2018

By Katie Lannan, State House News Service / The Lowell Sun

"Not all that's broken in our health care system can be fixed legislatively," said Massachusetts Taxpayers Foundation President Eileen McAnneny, who co-chairs the coalition with Rick Lord, the president of Associated Industries of Massachusetts.
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Big question for lawmakers: When will downturn come?

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Dec 6 2018

By Katie Lannan, State House News Service / CommonWealth Magazine

Massachusetts Taxpayers Foundation President Eileen McAnneny, whose prepared testimony was titled “Are the Good Times Already Over?”, urged budget-writers to be cautious of “pre-recession warning signs” in labor markets, home sales, the auto industry, business investments and oil prices.
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Our view: Saving for a rainy day

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Dec 6 2018

Gloucester Daily Times

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said there are already “pre-recession warning signs” everywhere from labor markets to the oil industry. “By historic markers, we are on borrowed time,” she said.
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Massachusetts budget experts predict slow tax revenue growth in FY2020

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Dec 5 2018

By Shira Schoenberg, MassLive

The business-backed Massachusetts Taxpayers Foundation and the right-leaning Beacon Hill Institute both predicted slightly higher tax revenue growth of around 2.4 percent, representing total revenues in the range of $29.5 billion to $30.3 billion. Massachusetts has an aging workforce.
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Groups urge performance-based funding for colleges

Dec 4 2018

By Christian Wade, Gloucester Daily News

The state ditched performance-based funding for community colleges several years ago, but a new report recommends taking another look at the system. The report released Tuesday by the Boston Foundation and Massachusetts Taxpayers Foundation says the approach showed signs of success during the three years it was used.
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Coming Up: Yet Another State Report On Transportation Needs

Dec 1 2018

By Bob Salsberg, AP / WBUR

An analysis last year by the Massachusetts Taxpayers Foundation showed capital spending on transportation doubled in the 10 years following that report, and the state spent $16 billion on roads and bridges. Still, infrastructure woes have persisted and in some cases mounted, in part due to the failure of the Boston-area transit system known as the T to curtail operating expenses, the group said.
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Report Adds Up Toll of Opioids

Nov 26 2018

By Chris Lovett, BNN News

Eileen McAnneny, President of the Massachusetts Taxpayers Foundation, talks about it report on the cost of the opioid crisis, in human, economic, and fiscal terms. Interview for BNN News.
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Narcan Made Available at Construction Sites Amid Opioid Crisis

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Nov 19 2018

By Caroline Connolly, NECN

Last week, a report from the Massachusetts Taxpayers Foundation found that businesses in the state have been losing billions annually due to absent or unproductive workers who are addicted to opioids. According to Botticelli, companies like Shawmut can help turn things around.
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'We Can't Afford to Not Take Action': Leaders Discuss Economic Impact of Opioid Crisis

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Nov 16 2018

By Caroline Connolly, NBC 10

According to a report from the Massachusetts Taxpayers Foundation, employers have lost likely more than $2.5 billion annually due to employees who skip work or underperform because of their addiction. In addition, treating those people through opioid programs and services across systems in Massachusetts is estimated to be at least $5.5 billion.
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Opioid epidemic costing Massachusetts employers billions

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Nov 14 2018

By Colin Young, The Telegram / State House News Service

“MTF hopes this report catalyzes greater urgency and engagement from all segments of our society in the battle against the scourge of this epidemic — particularly among Massachusetts employers — by exploring and explaining the economic and fiscal impacts of the opioid epidemic on the state,” the group wrote. “We have no illusions that this crisis is fundamentally about economics.
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Report: Opioid epidemic keeps jobs unfilled

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Nov 14 2018

WBJournal

According to a new report, the opioid epidemic is costing Massachusetts businesses more than $2.5 billion annually. The report from Boston public policy nonprofit Massachusetts Taxpayers Foundation said that figure comes from lost productivity and absenteeism and presenteeism.
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New Study Says Opioid Epidemic Is Costing Massachusetts Economy Billions

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Nov 14 2018

By Paul Tuthill, WAMC

The study from the Massachusetts Taxpayers Foundation puts the cost to the state’s economy at $7 billion in lost business productivity. The report concludes the opioid crisis is far from over and is likely to get worse, as more lethal synthetic drugs such as fentanyl proliferate. The foundation is hosting a forum Friday in Boston on the opioid epidemic.
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Report: Opioid Epidemic Cost Massachusetts $15.2 Billion In 2017

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Nov 14 2018

By Martha Bebinger, WBUR

"They're staggering," says Eileen McAnneny, MTF president, of the dollars spent on hospital care, EMTs, early intervention for infants and families, jails and the job productivity forfeited by individuals and employers. "We wanted folks to get a sense of the pervasiveness. It really impacts all major areas: health care, criminal justice, public safety and businesses."
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Report: Opioid crisis costing state $2.5B a year

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Nov 14 2018

By Steve LeBlanc, Daily Hampshire Gazette / AP

“There’s an old business school adage that you can’t manage what you can’t measure, so we thought that quantifying the cost and providing a sense of the magnitude would motivate employers to engage more on this issue,” said foundation president Eileen McAnneny.
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Report shows opioid crisis is costing Mass. workforce billions in lost productivity

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Nov 14 2018

By Jon Chesto, The Boston Globe

The taxpayers foundation estimates that opioid addiction kept nearly 33,000 people from participating in the labor force each year, on average, over the past five years. And the annual costs to health care providers total nearly $1 billion, some of which is paid by the taxpayer-funded MassHealth and other insurance programs.
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State's rainy day account rebounds

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Nov 14 2018

By Christian Wade, Gloucester Daily Times

"We have made tremendous progress, but we really need to have a bigger cushion," said Eileen McAnneny, president of the nonpartisan Massachusetts Taxpayers Foundation. The rainy day fund’s balance compared to the state's $41 billion operating budget — the most common metric of a reserve fund’s health — is about 4.9 percent, she said.
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Baystate Business: Opioid Impact

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Nov 14 2018

Bloomberg

On the Wednesday, November 14 edition of Bloomberg Baystate Business we spoke with Eileen McAnneny, President of the Massachusetts Taxpayers Foundation, about their study on the economic impact of the opioid crisis on Massachusetts.
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Test lab not among seven pot licenses before CCC

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Jul 25 2018

By Colin Young, State House News Service / The Sentinel and Enterprise

The fiscal 2019 state budget bill on Gov. Charlie Baker's desk counts on $63 million in legal marijuana taxes, a total the Massachusetts Taxpayers Foundation says is unlikely to materialize. The foundation last week wrote in its analysis of the state budget bill that the marijuana licensing process "has proceeded more slowly than anticipated."
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$2 Rental Car Surcharge In Mass. Will Pay For Police Training

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Jul 25 2018

By Quincy Walters, WBUR

But the president of the Massachusetts Taxpayers Foundation, Eileen McAnneny, is concerned there will no longer be a routine review of spending on police training. "There's less accountability," she says. "It doesn't go through the annual budgeting process where lawmakers make a conscious choice to continue to fund it."
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Massachusetts ends fiscal year 2018 with $1.1 billion in extra tax revenue

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Jul 24 2018

By Shira Schoenberg, MassLive

"I think a sizable portion of it is due to federal tax reform, either directly or indirectly," said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation. McAnneny added that the economy is also doing well, although only time will tell how much of revenue is attributable to sustained economic growth rather than one-time money from the tax reform.
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