May's Briefing will provide a comprehensive analysis of the fiscal year 2027 Senate Ways and Means Budget and offer a look at how the state's financial picture is shaping up as we near the end of the current fiscal year. Register here.

The Massachusetts Taxpayers Foundation on Monday came out in opposition to a proposed income tax cut scheduled to go before voters in November, becoming the first major business group to take this stance.Thematically, Howgate said, all three ballot questions that MTF is opposing speak to critical…

In November, Massachusetts residents will vote on as many as 11 initiative petitions that would make major changes to state law. Three of those questions relate directly to the Commonwealth’s economic and fiscal future:• Implementation of mandatory rent control policy in all communities;•…

On April 29th, the House finalized its $63.41 billion Fiscal Year (FY) 2027 budget, after adding $82.9 million (gross) in spending and 21 outside policy sections to their spending plan over three days of debate.The House took action on 1,737 amendments through a combination of seven consolidated…

The Massachusetts Taxpayers Foundation said there were 18 tax-related outside policy amendments filed to the budget, carrying a fiscal impact of more than $1.7 billion. But as they also worry about eroding federal supports, the real impact that House Democrats are fretting is the potential for the…

Policy Conversation with Aaron Michlewitz, Chair of the House Committee on Ways and Means. Chair Michlewitz will share his insight on the House's FY2027 Budget.You can register here.

The Massachusetts Taxpayers Foundation estimates that the tax cut would result in a $5.4 billion annual revenue loss for the state. Doug Howgate, president of the foundation, told The Light that this is a static analysis, meaning the calculation does not account for changes in economic activity.

The House Committee on Ways and Means (HWM) released its Fiscal Year (FY) 2027 budget proposal earlier today; a spending plan that totals $63.33 billion. Their budget represents a $2.3 billion (3.7 percent) increase over the FY 2026 General Appropriations Act (GAA) and is $29 million (0.05 percent…

On March 30th, the Special Joint Committee on Initiative Petitions heard testimony on H.5006 An Act Relative to Limiting State Tax Collection Growth and Returning Surpluses to Taxpayers. MTF was asked to provide expert testimony on the proposal, which would change the calculation of the state’s…