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Displaying 51-60 of 442
Mar 02, 2023
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Mar 02, 2023
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From food stamps to rental aid: Pandemic-era funding is ending, and Mass. wants to build an off-ramp
“We need to be thinking critically about the things that the state should be doing — but also very mindful that there is a state-federal partnership,” said Doug Howgate, president of the Massachusetts Taxpayers Foundation, a business-backed budget watchdog. “It’s not feasible for us to say, ‘We’re…
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Mar 01, 2023
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Mar 01, 2023
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The Healey-Driscoll administration has released its inaugural budget, 8 weeks after being sworn into office. The $54.8 billion spending plan builds in ongoing tax relief, while making major new investments in several critical areas, and continues to build long-term reserves. It includes $1 billion…
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Mar 01, 2023
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Mar 01, 2023
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Doug Howgate, president of the Massachusetts Taxpayers Foundation, said Healey’s budget shows the state remains in a strong financial condition, giving the administration high marks for its tax relief plan, early education investments and what he called a “transparent approach to tracking and using…
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Mar 01, 2023
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Mar 01, 2023
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Doug Howgate, president of the business-backed Massachusetts Taxpayers Foundation, said cutting taxes, boosting spending, and socking money away is an amazing trifecta that doesn’t come around very often and makes crafting a budget a lot easier.
“You don’t normally see that unicorn,” he said. “…
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Feb 02, 2023
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Feb 02, 2023
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Governor Healey’s Capital Authorization Bills
On Thursday, January 19th, Governor Maura Healey filed the first capital bond bills of her Administration, totaling $1.4 billion. The first bill focuses on what the Administration identifies as the “immediate needs” of municipalities, and includes $987…
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Jan 30, 2023
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Jan 30, 2023
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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 collections of $39.768 billion. Notably, the…
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Jan 24, 2023
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Jan 24, 2023
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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 $75 million and grow to $40.06 billion in FY 2024…
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Dec 12, 2022
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Dec 12, 2022
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Doug Howgate, executive vice president of the Massachusetts Taxpayers Foundation and a member of Healey’s transition team, said the state’s budget office will be crucial to Healey’s early work.
“ANF sits at this center point of what the governor-elect wants to do and how you do it,” Howgate said…
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Nov 03, 2022
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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…
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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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