Related to BUDGET & TAXES
- Policy Areas
- Policy Area
Displaying 331-340 of 649
May 28, 2020
News Item
May 28, 2020
News Item
According to one watchdog, the state budget won’t weather it well. The Massachusetts Taxpayers Foundation projected in a report released Thursday that it could take five years for state revenues to exceed prepandemic levels.
Even that scenario comes with a caveat. For revenues to surpass…
News Item
May 28, 2020
News Item
May 28, 2020
News Item
The Massachusetts Taxpayers Foundation has projected the state will not be able to collect close to $6 billion in revenue.
“This is going to have a dramatic impact on local revenues,” said Fitzgerald. “Soaring unemployment and the expectation among public health experts that a second wave of the…
News Item
May 28, 2020
News Item
May 28, 2020
News Item
The hopes for a sharp and immediate rebound from the COVID-19 shutdown in Massachusetts are no longer realistic, according to the Massachusetts Taxpayers Foundation, which is now predicting a long and slow climb that will strain state resources. State revenues may not fully recover until 2025, MTF…
News Item
May 28, 2020
Publication
May 28, 2020
Publication
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 higher end of preliminary estimates of revenue…
Publication
May 26, 2020
News Item
May 26, 2020
News Item
Budget watchdogs dashed hopes for a quick recovery from the economic havoc wrought — seemingly overnight — by the coronavirus pandemic, warning the devastation of plummeting tax revenues and widespread unemployment could leave a red mark on state and local budgets for years to come and spur tough…
News Item
May 26, 2020
News Item
May 26, 2020
News Item
The Massachusetts Taxpayers Foundation, a leading Beacon Hill watchdog group, recently revised its tax revenue forecast for next year, now predicting the state could collect $6 billion less than anticipated just five months ago. The foundation also predicted a tax revenue shortfall of between $700…
News Item
May 21, 2020
News Item
May 21, 2020
News Item
But defeat of the override will seem like a spring shower compared to the hurricane-sized threat posed by a potential COVID-caused loss of $800,000 to $1 million in state aid. A report released Monday, May 18, by the Massachusetts Taxpayers Foundation estimates that fiscal 2021 state tax revenues…
News Item
May 21, 2020
News Item
May 21, 2020
News Item
Last week, the Massachusetts Taxpayers Foundation estimated that state tax revenues will fall by $6 billion, or nearly 20 percent, in the next fiscal year, from the revenue outlook that state leaders established in January. DeLeo conceded that the Legislature will likely tap into the state’s $3.5…
News Item
May 21, 2020
News Item
May 21, 2020
News Item
Timeline for Massachusetts budget proposals hinges on outcome of coronavirus aid package, House Speaker Robert DeLeo says
The Massachusetts Taxpayers Foundation, a state watchdog group, issued a revised report this week projecting the state could collect $6 billion less in tax revenues in fiscal 2021 because of the coronavirus pandemic. MTF President Eileen McAnneny projected in April that the state would collect $4.4…
News Item
May 19, 2020
News Item
May 19, 2020
News Item
A Beacon Hill watchdog projects the state is facing a $6 billion revenue shortfall in the fiscal year that starts July 1. The report from the Massachusetts Taxpayers Foundation said Massachusetts will need to find new revenue, or drastically cut spending. WAMC’s Pioneer Valley Bureau Chief Paul…
News Item