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Apr 11, 2023
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Apr 11, 2023
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House’s billion-dollar tax plan echoes Healey’s ‘competitiveness’ goals through tax cuts, credits, and policy overhauls
“We’re seeing in the numbers that outmigration is a real challenge for Massachusetts, affordability is a real challenge,” said Doug Howgate, head of the business-backed Massachusetts Taxpayers Foundation. The House plan “is not going to solve all that ails us, but the individual components make…
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Apr 06, 2023
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Apr 06, 2023
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In January, budget-writers upgraded the Fiscal Year (FY) 2023 tax revenue benchmark by just over $150 million, from $39.618 billion to $39.768 billion. Tax collections for the month of March (announced on April 5th) are the first collections to be compared to the new, upgraded, FY 2023 benchmarks.…
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Apr 03, 2023
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Apr 03, 2023
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Gov. Maura Healey has placed meaningful tax reform atop the policy agenda this session, with a $987 million package that was filed in conjunction with her inaugural budget. As we laid out in a recent report, significant tax relief is not only affordable, but even more critical than it was a year…
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Mar 31, 2023
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Mar 31, 2023
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Gov. Maura Healey signed a supplemental budget for fiscal year 2023 Tuesday, just a few weeks after announcing her FY-2024 budget. As Doug Howgate of the Massachusetts Taxpayers Foundation explains, this is normal and is essentially a way for the state to pay their bills.
“The supplemental budget…
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Mar 30, 2023
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Mar 30, 2023
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"Having a way to make sure we are reassessing elements of our tax code is always a good idea," said Doug Howgate, president of the Massachusetts Taxpayers Foundation. "In some cases it makes sense to have a sunset date. The state can say let's try this for a few years, and see if it does what we…
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Mar 29, 2023
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Mar 29, 2023
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Doug Howgate, president of the Massachusetts Taxpayers Foundation, supported the governor's bill. In prepared testimony, he told Revenue Committee members that while the state's economic and policy landscape has changed in three key ways since the House and Senate walked away from last summer's…
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Mar 29, 2023
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Mar 29, 2023
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The Fiscal Year (FY) 2024 budget development process is well underway, but with about 4 months remaining in FY 2023 this brief takes a fresh look at the state’s current fiscal picture. Based on current spending and revenue collections to date, the fiscal year appears in balance with an estimated…
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Mar 17, 2023
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Mar 17, 2023
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Since December of 2021, the state has appropriated close to $8 billion in combined federal Fiscal Recovery Funds (FRF) and Fiscal Year (FY) 2021 and 2022 surplus resources to support a range of COVID recovery and economic development initiatives. Significant resources still remain, but tracking the…
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Mar 16, 2023
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Mar 16, 2023
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Low wages for educators in the field have left many centers without adequate professional support. In turn, according to the Massachusetts Taxpayers Foundation, the lack of qualified workers in areas of child care has cost Massachusetts families nearly $1.7 billion a year in lost wages.
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Mar 12, 2023
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Mar 12, 2023
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Low wages for educators in the field have left many centers without adequate professional support. In turn, according to the Massachusetts Taxpayers Foundation, the lack of qualified workers in areas of child care has cost Massachusetts families nearly $1.7 billion a year in lost wages.
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