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Displaying 391–400 of 1152
News Item
Forecasters predict modest state tax revenue growth next year
The Massachusetts Taxpayers Foundation has long argued that an aging, retiring workforce will cause challenges in Massachusetts. Goodman said COVID has sped up that challenge. While in past recessions, older adults often delayed retiring for...
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News Item
State's economic outlook could face rising inflation, other factors
Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, predicted state revenue growth will remain “robust” in fiscal year 2022 at $37.2 billion, or about $3.1 billion higher than the previous fiscal year. “This growth of 9% is fueled...
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News Item
Massachusetts state tax revenue growth rolling along, analysts say
The Massachusetts Taxpayers Foundation offered a mixed outlook, with President Eileen McAnneny forecasting that revenue growth will “remain robust” this fiscal year before flipping to a “completely different story” next year when the situation will...
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News Item
Editorial: Estate tax should target the wealthy, not middle class
Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, noted that the risk of losing the state’s aging population to other states like Florida and New Hampshire has created a ripple effect on the state’s other revenues, including...
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News Item
'Snowbird bill' aims to keep Massachusetts seniors from leaving state for lower estate taxes
Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, noted that the risk of losing the state's aging population to other states like Florida and New Hampshire already has a ripple effect on the state's other revenues, including...
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News Item
From soccer fields to boat ramps, South Shore to get $8.7 million in COVID relief money
According to an analysis by the Massachusetts Taxpayers Foundation, much of the spending will be for healthcare at $946 million, housing at $624 million, infrastructure at $414 million, education at $389 million and economic development at $267...
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Publication
Tax Revenue Growth Slows in FY 2023 Following Two Extraordinary Years
Massachusetts experienced a startling $4.5 billion surge in tax revenues in FY 2021 representing 15 percent growth in the midst of the pandemic. MTF projects that FY 2022 revenue growth will remain strong, reaching $37.2 billion or $2.9 billion above...
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News Item
Mass. rainy day fund hits highest level ever
“The net difference between where we thought we were going to be and where we are is literally billions of dollars,” said Doug Howgate, executive vice president of the Massachusetts Taxpayers Foundation. Howgate said early in the pandemic,...
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News Item
ARPA Bill's $135 Million For Massachusetts Cultural Council Not All That It Seems
Massachusetts Taxpayers Foundation executive vice president Doug Howgate said the number of earmarks in this item is not normal, but also not unheard of, especially in an arts, culture and tourism-related item. Earmarked items had been kept...
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News Item
Rattled child care programs poured grants into operations
In addition to other federal relief money, Massachusetts received $314 million in child care stabilization funds through the American Rescue Plan Act, according to a brief from the Massachusetts Taxpayers Foundation. States are required to spend 90...
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