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Displaying 61-70 of 444
Nov 03, 2022
Publication
Nov 03, 2022
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House and Senate budget leaders have released a compromise $3.76 billion economic development bill, which also closes the books on fiscal year (FY) 2022. This legislation, which cuts the House and Senate economic development bill proposals by approximately $1.4 billion, does not include any…
Publication
Oct 31, 2022
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Oct 31, 2022
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Massachusetts Taxpayers Foundation Executive Vice President Doug Howgate, who will soon take over as the group’s next leader, said the first three months of tax collections historically “bore little connection to revenue trends in subsequent months.”
“The economic environment of the last two years…
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Oct 01, 2022
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Oct 01, 2022
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“Massachusetts has seen unprecedented surplus revenue,” says Eileen McAnneny, president of the Massachusetts Taxpayers Foundation. An analysis by the public policy organization found the current surplus is the largest in recent history, far exceeding the $1 billion surplus the commonwealth…
News Item
Sep 29, 2022
Publication
Sep 29, 2022
Publication
Fiscal year 2023 began several months ago, but the loose ends of an eventful FY 2022 provides a more intriguing budget plotline. Unprecedented tax collections, outstanding spending bills, and close to $3 billion in taxpayer refunds combine for a fascinating and confusing fiscal picture with major…
Publication
Aug 05, 2022
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Aug 05, 2022
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“The surplus is a little bit larger than we initially anticipated, even a couple weeks ago,” said Doug Howgate, executive vice president of the Massachusetts Taxpayers Foundation, a business-backed budget watchdog that, as recently as last week, estimated the surplus could reach nearly $4.7 billion…
News Item
Jul 29, 2022
Publication
Jul 29, 2022
Publication
Two straight years of surging tax collections have put in focus M.G.L.c. 62F, a little known state law that establishes a limit on allowable tax revenues. This brief summarizes the law and assesses what it could mean for fiscal year 2022 and beyond.
Publication
Jul 28, 2022
Publication
Jul 28, 2022
Publication
On July 28th, Governor Baker signed the FY 2023 budget. In doing so, the Governor essentially agreed with the legislative spending plan, vetoing just $475,000, however, he also proposed a number of changes to the policy provisions in the budget, returning 41 sections with amendment. This bulletin…
Publication
Jul 28, 2022
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Jul 28, 2022
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Through the middle of June, the final month of fiscal 2022, Massachusetts had collected $39.199 billion in tax revenue for fiscal year 2022, enough that the Massachusetts Taxpayers Foundation estimated a surplus in the neighborhood of $3.5 billion.
News Item
Jul 25, 2022
Publication
Jul 25, 2022
Publication
The Senate engrossed a $5.1 billion spending, economic development, and tax relief package last week, increasing the fiscal impact of the bill by $271.3 million during floor debate. This Brief summarizes the new spending, tax, and policy provisions added through amendment. The bill will…
Publication
Jul 20, 2022
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Jul 20, 2022
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The Senate leadership’s economic development bill does spend more on environmental infrastructure overall than the House, according to a Massachusetts Taxpayers Foundation analysis, once items such as electric-car chargers are factored in. But Mass Audubon president David O’Neill said it’s…
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