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Massachusetts Taxpayers Foundation President Eileen McAnneny said unemployment in the second quarter of 2020 could push toward 18 percent, with 570,000 jobs lost and a $4.4 billion, or 14.1%, decline in projected revenue for the next fiscal year....
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Massachusetts Taxpayers Foundation President Eileen McAnneny said the state could see a decline of billions of dollars in revenue and massive layoffs as high as 570,000 that could push the unemployment rate to nearly 18%.
https://apnews.com...
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The Massachusetts Taxpayers Foundation estimated the revenue shortfall in the current fiscal year will be between $300 million and $500 million, while the Center for State Policy Analysis pegged it at between $500 million and $750 million. Both...
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Massachusetts is facing scrutiny on two fronts as public markets collapse and pressure on government pensions for its nearly 300,000 public employees and retirees and budgets rise. The commonwealth’s credit rating could take the real hit in all of...
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"The coronavirus pandemic has disrupted seemingly everything about our normal routines, and the state’s budget process on Beacon Hill is no exception. Three of the unique challenges facing lawmakers warrant mentioning," says MTF president Eileen...
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"It seems highly likely that the fiscal 2021 budget will be most difficult in recent memory," Massachusetts Taxpayers Foundation President Eileen McAnneny wrote in a letter to Ways and Means Chairmen Sen. Michael Rodrigues and Aaron...
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OFFICERSChair:Kristin LewisSVP, Executive VP & Chief Public & Community Affairs Officer, Point32HealthVice Chair:Dominick IannoHead of State Government Relations, Law Department, MassMutualTreasurer:Matthew SchnallPartner, Morgan...
Resource
The much-awaited House Ways and Means Committee version of the transportation finance package was released on February 26 for consideration by the full House on March 4. H4508, An Act Relative to Transportation Finance, proposed new revenues totaling...
Publication
MTF has released the 49th Edition of the Municipal Financial Data pamphlet, an annual publication that summarizes key financial issues for the 351 cities and towns in Massachusetts for fiscal 2019 including an overview of major revenue and spending...
Resource
New edicts and guidance concerning COVID-19 are being released every day. To help you stay current, we have aggregated some important resources below:
Federal:
https://www.cdc.gov/coronavirus/2019-ncov/index.html
https://www.usa.gov...