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The Massachusetts Taxpayers Foundation recently released a report that found the T would need $1.25 billion in new annual revenue to meet its capital and operating needs in the coming years.
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The Massachusetts Taxpayers Foundation warned earlier this month the T could be facing a “fiscal calamity” that would require $1.25 billion in new annual revenue just to meet operating and capital needs. That does not include $2 billion in...
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Baker split his proposal to use $2.9 billion of state government’s ARPA funds and its surplus tax revenue into separate bills. In an analysis published Monday afternoon, the Massachusetts Taxpayers Foundation said the House Ways and Means Committee’s...
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But those lingering concerns, or the Massachusetts Taxpayers Foundation’s warning about the T facing a “fiscal calamity,” may have been on the mind of Transportation Secretary Jamey Tesler, who said in his opening remarks that the new board begins...
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Keeping the transit system funded is another top concern among advocates. The Massachusetts Taxpayers Foundation recently reported that the MBTA’s operating and capital shortfalls coming in fiscal year 2024 will require $1.25 billion in new funding...
News Item
Baker split his proposal to use $2.9 billion of state government’s ARPA funds and its surplus tax revenue into separate bills. In an analysis published Monday afternoon, the Massachusetts Taxpayers Foundation said the House Ways and Means Committee’s...
News Item
The Massachusetts Taxpayers Foundation reported recently that the MBTA could face a deficit as high as $400 million in its yearly budget that begins in 2023 and a $13 billion shortfall for core infrastructure improvements it plans to make over the...
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During some six weeks of public hearings, legislators received requests totaling about $30 billion, according to Representative Dan Hunt, who chaired some of those hearings. In the 24 hours House members were given to file amendments to the House...
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State representatives then proposed 1,128 amendments seeking another $5.8 billion, according to the Massachusetts Taxpayers Foundation.
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Publication
Last week, the House engrossed a $3.8 billion pandemic recovery spending plan that combines federal Fiscal Recovery Funds (FRF) and the state’s fiscal year (FY) 2021 surplus. Over two days of debate, House members added $173.6 million in...