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…

The Massachusetts Taxpayers Foundation recently received a prestigious national award for its research and public education on the fiscal and economic impact of the November 2008 ballot question to repeal the state income tax. The Foundation was awarded a Certificate of Merit in the Most Effective…

MTF proposes tighter standards for using the Commonwealth's rainy day fund, ensuring that the fund is tapped only if deteriorating economic conditions cause a significant drop in state revenue growth.