Tag Archives: Massachusetts Budget Crisis

The Boston Foundation Education Health Care Report

Posted on January 9, 2011 by

The Boston Foundation and the Massachusetts Business Alliance for Education issued a report last month dealing with education funding in Massachusetts. The report looked at the financial impacts of the Education Reform Act, and how the larger amounts of state … Continue reading →

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Massachusetts Fiscal Forecasts

Posted on December 21, 2010 by

The Massachusetts Taxpayers Foundation, following the consensus revenue hearings on Beacon Hill, has released a primer on the outlook for the next fiscal cycle in Massachusetts, with the forecast looking less than rosy. The outlook is cloudy despite a pretty … Continue reading →

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States Begin to Teeter

Posted on December 20, 2010 by

A pretty good 60 Minutes report showing some of the real budgetary problems facing states and localities, with a prominent role for New Jersey Governor Chris Christie. The State of Massachusetts is looking at a $1.5 to $2 billion dollar … Continue reading →

Posted in Municipal Finance, National News, State News | Tagged | 2 Comments

State Finds New Red Ink

Posted on March 19, 2010 by

Massachusetts yesterday announced a new budget shortfall for this fiscal cycle, with Secretary Gonzalez indicating that the shortfall could be up to $295 million, leading to charges by Charlie Baker of fiscal ineptitude by the Governor. From the Baker campaign: … Continue reading →

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The Governor Spares Local Aid

Posted on October 30, 2009 by

Governor Deval Patrick unveiled his plan to close a $600 million dollar budget gap yesterday, sparing the main local aid accounts and imposing varied cuts against state spending, including the potential for 2000 state layoffs. The Governor was and is … Continue reading →

Posted in Methuen, Municipal Finance, State News | Tagged | 2 Comments

State Budget Cuts Coming

Posted on October 18, 2009 by

The Governor last week, in light of poor tax collection data, has been forced to once again downgrade state revenue estimates, calling for a $600 million dollar budget reduction in order to achieve balance at the lower number. He will … Continue reading →

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The Unspoken Truth

Posted on October 5, 2009 by

Today’s Globe has a column by Sam Allis talking about what no one else seems to want to talk about, the spiraling and unsustainable numbers involved in municipal health care and pensions. Allis centers his discussion on the Mayor’s race … Continue reading →

Posted in Municipal Finance, State News | Tagged , | 1 Comment