“The overarching theme of the budget is, there are a lot of moving parts. So stay tuned,” said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, a business-backed budget watchdog. “All the revenue is up in the air at this point.” ...

“Replacing that revenue is among the biggest challenge budget writers face in balancing the FY2022 budget,” Mass. Taxpayers Foundation said as it also flagged that Baker is using $64 million in one-time revenues from further delaying a charitable...

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation said there are still “many moving pieces” in a budget landscape likely to change significantly before July 1. “When we think about the main sources of revenue — tax revenues,...

MTF President Eileen McAnneny said the bullish projections were predicated on sales taxes jumping 7.1%, or $484 million, and withholding income tax climbing nearly 4%, or $522 million. Gas and room occupancy taxes could also rebound significantly,...

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said unemployment levels are not expected to return to pre-pandemic levels until 2024. McAnneny noted that the pandemic has also pushed people out of the labor force, with 228...

The Massachusetts Taxpayers Foundation projected $29.73 billion in tax revenues in fiscal 2022, with President Eileen McAnneny laying out the reasoning behind her “cautiously optimistic” scenario. In a seven-page report, McAnneny said the MTF...

While officials say the threshold will hit only the largest 6 percent of businesses in Massachusetts, the Massachusetts Taxpayers Foundation said the change will be “costly for them at a time many are reeling from the loss of business resulting from...

THE MBTA is preparing to cut service levels to deal with a budget shortfall looming over next year, but the Massachusetts Taxpayer Foundation warned members of the Fiscal and Management Control Board on Monday that even bigger problems are just...

The rise in the number of people suddenly seeking unemployment is expected to add to the per-employee cost of unemployment insurance. This insurance is paid by employers — at a rate that's already among the highest in the nation — and it could go up...

According to the nonprofit Massachusetts Taxpayers Foundation (MTF), fiscal 2021 state revenues have already dropped an estimated $4 billion due to the economic impact of COVID-19, and hopes for a rapid recovery have faded. “The economic...