McAnneny now expects the shutdown to raise the state unemployment rate to 22 percent by the end of June. She projects that 323,000 jobs will be recovered by June 2021, but employment is unlikely to return to pre-pandemic levels before 2024. That will have a devastating effect on the state budget…

McAnneny said the foundation’s analysis was completed before Gov. Charlie Baker released his plan for the state’s reopening on Monday. She said the foundation’s analysis assumes that economic activity will resume this summer, but it will be slow and uneven, resulting in lower tax revenues. She said…

The Massachusetts Taxpayers Foundation, a budget watchdog group backed by businesses, estimated the state’s revenue for the next fiscal year could drop $3.9 billion, or 15 percent, below past projections. New York said revenues could fall by as much as $15 billion in its fiscal year that started…

Launched by Massachusetts Governor Baker and First Lady Lauren Baker in partnership with the One8 Foundation, the Massachusetts COVID-19 Relief Fund will serve essential frontline workers and vulnerable populations across the state facing homelessness, food insecurity and loss of critical services…

This time around, the Massachusetts Taxpayers Foundation forecasts unemployment approaching 18 percent by the end of June, with 570,000 jobs disappearing in recent weeks. Many of those jobs will be recovered by next spring, but total employment won’t return to pre-crisis levels until 2022, the…

Boston Globe business columnist Shirley Leung told Boston Public Radio on Thursday economic forecasts from Moody's Analytics and the Massachusetts Taxpayers Foundation put the state's economic reopening into July. According to a recent report issued by the Massachusetts Taxpayers Foundation, "…

Andrew Bagley with the Massachusetts Taxpayers Foundation says the organization predicts an ultimate 18% unemployment rate in the Bay State. Bagley says the expected V-shaped recovery now looks more like a W with damage from the virus — like job losses — worse than initially thought. "The criteria…

The Massachusetts Taxpayers Foundation is best known for the critical eye it casts on state finances. But the business-backed group is also using its data-crunching for another purpose: curbing opioid abuse. President Eileen McAnneny is spearheading an initiative called Mass. CARES in which…

In furtherance of this mission, I write today in support of H.3507, the proposal to change state laws related to local zoning to encourage housing development in Massachusetts.

MTF President Eileen McAnneny presented her update at the MTF annual meeting on April 10, 2019.   "Many of you know that I try to structure my annual update around a word of a phrase, providing a theme, if you will, to my remarks. This year the word is 'pivotal.'  As an…