In anticipation of the release of the Governor’s budget later this week, this briefing provides a status report on fiscal year 2016 and an overview of what we anticipate for fiscal year 2017.

Tax revenues will grow by $1.1 billion, or 4.5 percent, to $25.5 billion in fiscal 2016, continuing the trend of modest growth yet still below that of previous economic recoveries, according to a new forecast released today by the Massachusetts Taxpayers Foundation.“It’s alarming that even with…

The Foundation’s analysis concludes that the state is facing an estimated budget deficit of $1 billion for fiscal 2015.

The Foundation’s 44th annual report on municipal finances. Despite a modest rebound in revenues, municipalities find themselves in a long-term budget squeeze as retiree benefit obligations continue to grow.

Representing the Foundation on the Tax Fairness Commission, President Michael J. Widmer voted against the proposal to implement a graduated income tax in Massachusetts.

The Foundation released its 43rd annual report on municipal finances concluding that despite a modest rebound in revenues, municipalities find themselves in a long-term budget squeeze because the costs for pensions, employee and retiree health care, and debt service are rising faster than revenues.

Tax revenues will grow by $1.1 billion, or 4.7 percent, to $24.37 billion in fiscal 2015, continuing the trend of modest growth yet still below that of previous economic recoveries, according to a new forecast released today by the Massachusetts Taxpayers Foundation. “Despite an improving economic…

The Taxpayers Foundation opposes House bills 7 and 2834, which would provide the state auditor access to confidential personal and corporate income tax returns.

The Massachusetts Taxpayers Foundation applauds the Legislature for its vote to repeal the sales tax on computer and software services. This was a difficult but important vote, and the Foundation commends legislators for their quick action to repeal the tax and to make the repeal retroactive. The…

The Foundation’s comprehensive 50-state analysis shows that the recently enacted software services tax is the most burdensome in the nation. The Excel file allows users to compare Massachusetts to 49 other states on the tax treatment of 11 different categories of computer and software services.