Budget leaders from the House, Senate, and Administration have agreed on a $40.410 billion consensus tax revenue figure for the fiscal year 2024 budget. Budget makers expect tax revenues to grow by $642 million (1.6 percent) over estimated FY 2023...

The state’s 4 percent surtax on income over $1 million is now in effect.  The new tax raises critical policy questions related to its effect on long-term economic growth and its impact on other areas of the tax code.  At the same time, the...

Following a startling $11.5 billion surge in FY 2021 and FY 2022, tax revenues for this year and next settle into a lower and slower growth pattern as global risks escalate. MTF projects that FY 2023 revenues will top the $39.62 billion benchmark by ...

In the last two years, MTF has deepened its engagement in child care policy due to the essential role it plays in creating economic opportunity across the state. Without it, parents cannot enter and remain in the workforce and employers cannot...

A new report out today from the Massachusetts Taxpayers Foundation (MTF) presents clear and comprehensive data demonstrating that an aging and declining population reduces the size of the state’s workforce, putting the Massachusetts economy in...

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...

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...

This November, voters will decide whether or not to approve a ballot initiative that would impose a new tax on income over a million dollars. If approved, this change to the state’s constitution takes effect on January 1, 2023. MTF does not...

Job description: Policy Researchers conduct research and work with other MTF team members to publish findings and analysis in assigned policy areas. Policy areas will include early childhood education but will also be determined by the work of the...

Over the last two years, the child care industry has been disproportionately impacted by the pandemic. Child care closures, labor shortages, and changing workforce patterns have upended a system that was already in crisis due to high costs and...