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...

Earlier today, Governor Baker filed a combination economic development and COVID recovery bill that includes $1.3 billion in capital authorization, $2.3 billion in direct spending of remaining federal ARPA funds and 137 policy sections. This Brief...

Over the last two years, the federal government has spent trillions of dollars to combat the COVID-19 pandemic and spur an equitable economic recovery. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), Coronavirus Response and...

Today, the House and Senate passed a $4 billion spending bill which uses the remaining fiscal year 2021 surplus and up to $2.55 billion in Fiscal Recovery Funds provided through the American Rescue Plan.  The compromise legislation increases...

Last week, the Senate passed a $3.8 billion recovery plan that uses a combination of Fiscal Recovery Funds (FRF) and fiscal year 2021 (FY) surplus revenues. In one day of debate, the Senate adopted 388 amendments which added $154.4 million in...

The ongoing legislative process for ARPA legislation continued today with the release of a $3.7 billion spending plan from the Senate Committee on Ways and Means (SWM).  As with the House plan finalized last week, the SWM proposal mixes federal...

Last week, the House engrossed a $3.8 billion pandemic recovery spending plan that combines federal Fiscal Recovery Funds (FRF) and the state’s fiscal year (FY) 2021 surplus.  Over two days of debate, House members added $173.6 million in...

Earlier today, the House Committee on Ways & Means (HWM) released their plan to spend $3.65 billion in federal Fiscal Recovery Funds (FRF) and fiscal year (FY) 2021 surplus dollars on a variety of programs and policies intended to spur the...

Prior to the end of formal sessions in calendar year 2021, the Legislature has two major public finance tasks before it: Determine how to use the fiscal year (FY) 2021 budget surplus; and Appropriate Fiscal Recovery Funds (FRF),...

On October 14th, MTF hosted a third virtual forum exploring what ARPA means for Massachusetts. The event focused on how Massachusetts and its communities can support an inclusive and equitable pandemic recovery. A moderated discussion on the topic...