The Massachusetts Taxpayers Foundation recommended last week that tax revenue estimates be upgraded by a minimum of $3.8 billion, and the big question is how negotiators will choose to allocate those unanticipated revenues.

On behalf of the Massachusetts Business Coalition on Skills (MBCS), we are writing in support of H.666 / S.348 and H.652 / S.357 because they increase access to career/vocational technical education (CVTE) in Massachusetts. The MBCS – a coalition of 28 diverse business organizations from across the…

Doug Howgate, executive vice president of the business-backed Massachusetts Taxpayers Foundation, said the magnitude of the federal response is unprecedented and requires the balancing of speed and strategy to create long-term benefits with one-time money. “There’s always going to be this balance…

The House and Senate, working with the Administration, need to adjust assumed FY 2022 tax collections and determine how that adjustment will impact the budget and the state’s fiscal health.  This bulletin examines likely tax upgrade scenarios and the impact of those scenarios on the state’s…

The Massachusetts Taxpayers Foundation, a business-backed research institute, predicted that the state would end the fiscal year in less than three days with a sizable surplus that would allow lawmakers to cover additional spending and deposit money into the “rainy day” account.

Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation, said she wasn’t surprised that the Supreme Court decided to stay out of the case, especially since the Baker administration eventually set an end date for the policy of 90 days after the state of emergency’s…

But this year the Bay State is expected to end the fiscal year with a tax revenue surplus of more than $3 million. The Massachusetts Taxpayers Foundation, a fiscal watchdog group, says the state has so far collected $3.95 billion more than it projected to in fiscal 2021.

Eileen McAnneny, the president of the Massachusetts Taxpayers Foundation, wasn’t enthusiastic about the governor’s two-month sales tax holiday. She thought the money could be better spent on job training or replenishing the unemployment insurance fund to reduce assessments on the state’s businesses…

“This isn’t about crisis management today, but about that longer term,” said Douglas Howgate, executive vice president of the Massachusetts Taxpayers Foundation, in an interview. “So it’s appropriate that [federal funds go] through the Legislature. That said, there’s also a role for the…

The United States Treasury recently released guidance concerning fiscal recovery funds (FRF) provided to states, counties and municipalities that were authorized in the American Rescue Plan. The guidance provides critical details on eligible uses for each of the four categories of FRF spending, as…