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Publication
Municipalities weathered one of their most difficult years in the Proposition 2 ½ era in fiscal 2010, highlighting the urgency of controlling municipal health insurance costs. Driven by cuts in local aid and declines in local receipts and new...
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Tax revenues will grow by $980 million, or 3.8 percent, to $26.69 billion in fiscal 2017, slower than the 4.6 percent annual average over the past five years and below that of previous economic recoveries, according to a new forecast released today...
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The Foundation’s analysis concludes that the state is facing an estimated budget deficit of $1 billion for fiscal 2015.
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According to Eileen McAnneny, the Foundation’s President, ”this contract agreement demonstrates what is achievable when management and labor have a candid dialogue on how to face future challenges without the shackles of the Pacheco law....
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Over the last eight months, the state’s OPEB Commission has done an enormous amount of good work in addressing the unaffordable costs of retiree health care facing the state and municipalities.
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The Consensus Revenue Hearing, held on December 5th, kicked off the FY 2018 budget development process. The testimony at the hearing highlighted a number of fiscal challenges that the state can expect in the near future. The Foundation is providing a...
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The attached budget summary shows fiscal 2009 spending after the Governor's first round of "9C' cuts of $708 million and a savings of $100 million by extending from 2023 to 2025 the funding of the state's unfunded pension liabilities. With...
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Tax revenues will increase by approximately $615 million, or 2.0 percent, to $31.06 billion in fiscal 2021 according to a new forecast released today by the Massachusetts Taxpayers Foundation at the state’s annual consensus revenue hearing. The...
Publication
Eileen McAnneny, President of MTF, presented the Foundation’s economic and revenue forecast to members of the House and Senate Ways and Means Committees and the Secretary of Administration and Finance at their annual consensus revenue hearing at the...