In the 32nd edition of its annual summary of trends in local revenue, spending and property taxes, the Foundation concludes that municipal finances have entered a new and much more difficult phase. While overall performance remained healthy in 2002,...

In a new analysis, the Foundation credits the state's leaders for their efforts to address the Commonwealth's fiscal crisis through a realistic combination of spending cuts and tax increases in 2003. However, MTF warns that a remaining large...

As a result of recent tax revenue shortfalls, the House and Senate versions of the state budget for fiscal 2003 are at least $650 million out of balance. With more than $1 billion of additional tax revenues already included in the legislative budgets...

As the state struggles with a more than $2 billion budget gap in fiscal 2003, its leaders have an opportunity -- and a responsibility -- to correct spending abuses and eliminate inefficiencies that have been tolerated in the recent good times,...

While the state's leaders have agreed on a plan to fill the huge revenue shortfall in 2002, even larger deficits in 2003 and beyond remain unaddressed. Almost $1.3 billion will be drawn from reserves in 2002, and another $134 million of "savings"...

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...

While acknowledging that the Commonwealth faces a $2 billion fiscal shortfall in fiscal 2003, in attempting to close that gap the administration's budget proposal relies on overly optimistic revenue growth projections, excessive use of reserves, an...

In its annual analysis of state spending, the Taxpayers Foundation warns of a looming fiscal crisis, with the Commonwealth facing a budget shortfall between $1.7 and $2.1 billion in fiscal 2003. According to the report, the 2002 budget will also...

In this succinct analysis, the Foundation examines the impact of the Governor's vetoes and proposed supplemental funding requests on the fiscal 2002 budget approved by the Legislature. While the budget would rely less on "rainy day" reserves to...

On November 6, voters in eight Massachusetts communities -- including Boston, Malden and Waltham -- rejected a ballot measure that would have raised property taxes by up to three percent to fund affordable housing, historic preservation and open...