In a letter to Senate Ways and Means Chairmen Michael Rodrigues, Aaron Michlewitz and Administration and Finance Secretary Michael Heffernan, the chief fiscal 2021 budget planners, Massachusetts Taxpayers Foundation President Eileen McAnneny offered a few ideas on how to deal with budget shortfalls…

"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 Michlewitz and Administration and Finance Secretary…

The Massachusetts Taxpayers Foundation, an influential think tank in Boston, disagreed that borrowing would be the best way to fill the shortfall. The group wants the governor to revise down his $44.6 billion budget proposal filed in January, and to take other steps to curb spending, Eileen…

"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 McAnneny in this op-ed published in the Boston…

In a letter to Senate Ways and Means Chairmen Michael Rodrigues, Aaron Michlewitz and Administration and Finance Secretary Michael Heffernan, the chief fiscal 2021 budget planners, MTF President Eileen McAnneny outlined the array of options available to legislators to help address the public…

McAnneny, of the business-backed taxpayers foundation, says the CARES Act is "insufficient to mitigate the economic impacts of the pandemic." In her testimony earlier this month, McAnneny highlighted the role that federal funds can play by pointing the $7.4 billion in American Recovery and…

The virtual meeting began Thursday with presentations from Massachusetts Budget and Policy Center President Marie-Frances Rivera and Massachusetts Taxpayers Foundation President Eileen McAnneny, each of whom detailed the forecasts they provided earlier this week at a hearing designed to help state…

The Massachusetts Taxpayers Foundation projected a revenue decline of $4 billion for the state's fiscal year 2021 budget. A Senate working group that had been studying tax code changes indicated it will struggle to make recommendations while the pandemic is ongoing.   https://www.nepr.net/…

MTF’s new analysis highlights the implications of our revised forecast on the MBTA, the Massachusetts School Building Authority (MSBA), and other purposes supported by dedicated tax revenue. We estimate that compared to the original consensus estimate, the MBTA will receive $53 million less in…

Massachusetts budget watchers are predicting a steep drop in revenue in the face of the coronavirus economic shutdown. Democratic House Ways and Means Chairman Aaron Michlewitz said the House typically holds its budget debate in April, a timeline he said is no longer feasible. Massachusetts…