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Jun 30, 2020
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Jun 30, 2020
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On June 19, Governor Baker filed H. 4806, a one month, $5.25 billion spending authorization to keep the government operational through July 31 that the legislature has since enacted. In this interim budget, the guidance indicates that for each...
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Oct 28, 2020
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Oct 28, 2020
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MTF President Eileen McAnneny's remarks at MTF's 87th Annual Meeting focused on the theme, “The Pandemic, Presidential Elections and Public Unrest.”
"This captures the essence of this year," said McAnneny. "We have all been affected by ...
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Oct 13, 2020
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Oct 13, 2020
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MTF President McAnneny shared a presentation with the Senate Revenue Working Group about the state’s revenue outlook and the road to recovery. Entitled "A Reality Check on Revenues and Recovery," the presentation argued that now is not the time to...
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May 28, 2020
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May 28, 2020
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MTF recently downgraded its FY 2021 tax revenue forecast to a loss of $6 billion, representing a nearly 20 percent decline from the $31.15 billion consensus benchmark. At 20 percent, the revised forecast places Massachusetts towards the...
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May 15, 2020
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May 15, 2020
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FY 2021 tax revenues are projected to fall by $6 billion or 19.3 percent from the January 2020 benchmark. Massive layoffs push the unemployment rate to nearly 22 percent in Q4 FY 2020, causing withholding taxes to decline by $1.9 billion. Shutting...
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Apr 16, 2020
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Apr 16, 2020
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MTF has revised its FY 2021 tax revenue forecast to include the impact of the COVID-19 pandemic. We project a decline of $4.4 billion or 14.1% from the January 2020 benchmark. The forecast assumes new virus cases peak in April, abate in June, and...
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Apr 14, 2020
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Apr 14, 2020
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MTF revised its FY 2021 tax revenue forecast and presented its findings at the April 14 Virtual Roundtable Discussion on the Impact of COVID-19 on the Commonwealth's Fiscal Health and Economy, hosted by the Senate and House Chairs of Ways & Means...
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Jan 26, 2022
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Jan 26, 2022
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Governor Baker’s Budget – Five Things to Know
Among the many elements in Governor Baker’s budget, several proposals and assumptions stand out as being particularly notable. Each of these items will play a significant role in the budget...
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Jul 20, 2021
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Jul 20, 2021
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Experts who testified suggested there may be room for both approaches. Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, suggested, similar to Baker, that lawmakers use some money now to ramp up existing programs and jumpstart the...
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Jul 20, 2021
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Jul 20, 2021
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Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said the state needs to spend some relief funds to maintain its economic recovery but it should also squirrel away money for "unforeseen circumstances."
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