As Massachusetts lawmakers look for ways to close a $3.6 billion tax revenue gap in the FY21 operating budget, there is a simple idea that could help the state receive sales tax payments more quickly and provide about $267 million of additional...

THE MBTA is preparing to cut service levels to deal with a budget shortfall looming over next year, but the Massachusetts Taxpayer Foundation warned members of the Fiscal and Management Control Board on Monday that even bigger problems are just...

The rise in the number of people suddenly seeking unemployment is expected to add to the per-employee cost of unemployment insurance. This insurance is paid by employers — at a rate that's already among the highest in the nation — and it could go up...

The Massachusetts Taxpayers Foundation warned that if Congress does not come through with additional relief, the state will be far from out of the woods in fiscal 2022 when school funding commitments, collective bargaining agreements and inflation...

According to data from the Federal Reserve, cited by the Massachusetts Taxpayers Foundation in recent legislative testimony, the labor force in Massachusetts in August had 143,840 fewer workers than pre-pandemic, a decline of 3.9 percent. While the...

According to the nonprofit Massachusetts Taxpayers Foundation (MTF), fiscal 2021 state revenues have already dropped an estimated $4 billion due to the economic impact of COVID-19, and hopes for a rapid recovery have faded. “The economic...

The Massachusetts Taxpayers Foundation said the Baker administration’s revenue estimate veered on the conservative end of projections made earlier this month, but noted fiscal 2022 could pose a bigger challenge. “The state will have to replace...

Following months of economic uncertainty and temporary budgets to keep the state operating, Administration and Finance (ANF) provided the Legislature with its revenue and spending proposals for their review and consideration.  Notably, the...

MTF President McAnneny shared a presentation with the Senate Revenue Working Group about the state’s revenue outlook and the road to recovery. Entitled "A Reality Check on Revenues and Recovery," the presentation argued that now is not the time to...

The Massachusetts Taxpayers Foundation, a business-backed watchdog, is expecting a drop in revenue of $3.9 billion compared to initial estimates, according to its president, Eileen McAnneny. Others projected a more positive picture, though they...