“Replacing that revenue is among the biggest challenge budget writers face in balancing the FY2022 budget,” Mass. Taxpayers Foundation said as it also flagged that Baker is using $64 million in one-time revenues from further delaying a charitable...

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation said there are still “many moving pieces” in a budget landscape likely to change significantly before July 1. “When we think about the main sources of revenue — tax revenues,...

MTF President Eileen McAnneny said the bullish projections were predicated on sales taxes jumping 7.1%, or $484 million, and withholding income tax climbing nearly 4%, or $522 million. Gas and room occupancy taxes could also rebound significantly,...

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said unemployment levels are not expected to return to pre-pandemic levels until 2024. McAnneny noted that the pandemic has also pushed people out of the labor force, with 228...

The Massachusetts Taxpayers Foundation projected $29.73 billion in tax revenues in fiscal 2022, with President Eileen McAnneny laying out the reasoning behind her “cautiously optimistic” scenario. In a seven-page report, McAnneny said the MTF...