The Massachusetts Taxpayers Foundation said in May that the state could expect to collect as much as $6 billion less in tax revenue this year due to the COVID-19 pandemic. ...

The MBTA faces "existential" long-term budget challenges as the pandemic's impact on revenue exacerbates existing trends, a fiscal watchdog group warned in a new report. By fiscal year 2022, the T could have an operating budget deficit of more...

“Even before the pandemic hit, the MBTA’s operating costs jumped by 5.3%, a five-fold increase over previous years. Combine that steep rise in expenses with a $240 million loss in fare revenues due to the pandemic, and the T’s balanced budget has...

The business-backed financial watchdog said $827 million in federal aid is bailing out the T this fiscal year and next, but the transit authority is likely to face a $400 million deficit in fiscal 2022, which begins on July 1, 2021. Long-term, the...

On June 19, Governor Baker filed H. 4806, a one month, $5.25 billion spending authorization to keep the government operational through July 31 that the legislature has since enacted. In this interim budget, the guidance indicates that for each...

MTF's Annual Meeting will be held this year on Wednesday, October 28, from 3:45 - 5:00 pm. This will be a virtual meeting.  Our special guest will be Speaker Robert DeLeo. Click here to register. ...

MTF's Annual Meeting will be held this year on Wednesday, October 28, from 3:45 - 5:00 pm.  This will be a virtual meeting.  Our special guest will be Speaker Robert DeLeo. Click here to register. ...

This “kitchen cabinet” of senior tax professionals meets quarterly and helps MTF formulate its tax policy priorities. It also shapes the Commonwealth’s tax agenda by providing important feedback and insight on pending tax proposals. An invitation...

Driven by operating costs that were already growing and the pandemic’s deep impacts on revenues, a Massachusetts Bay Transit Authority (hereinafter the MBTA or the T) operating budget that was in balance in FY 19 is now moving backward toward a...

Even then, the Massachusetts Taxpayers Foundation projected the state’s tax collections in fiscal year 2021 could fall $6 billion short of earlier estimates. ...