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Jul 18, 2022
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Jul 18, 2022
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The House and Senate have enacted a $59.6 billion fiscal year (FY) 2023 budget, which includes all major spending proposals in either budget as well as several new large investments in areas like early education, K-12, and transportation.
The conference budget includes close to $2.8 billion more…
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Jul 11, 2022
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Jul 11, 2022
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Less than three weeks before the end of formal session, House Ways and Means has released a $4.3 billion bill that makes direct appropriations, authorizes capital spending and proposes tax relief. This massive bill includes $2.55 billion in immediate spending in FY 2022 surplus and American Rescue…
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Jul 07, 2022
News Item
Jul 07, 2022
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The Department of Revenue is still counting, but the budget watchers at the Massachusetts Taxpayers Foundation expect that the Legislature will have a surplus of $3.6 billion when the final accounting of the fiscal year that ended last week is complete.
Through May, the state had collected $36.969…
News Item
Jul 06, 2022
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Jul 06, 2022
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Fiscal year 2023 began on July 1st, but policymakers have yet to close the books on FY 2022 which requires disposing of a significant budget surplus. This Brief provides an estimate of the surplus and examines how it fits in to the larger fiscal picture.
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Jun 27, 2022
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Jun 27, 2022
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Budget conferees are negotiating spending, revenue and policy differences between the House and Senate proposals in order to present a final budget to Governor Baker for the start of fiscal year 2023. For the second straight year, conferees must also significantly revise the budget’s tax revenue…
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May 27, 2022
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May 27, 2022
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The Senate completed budget deliberations this week, finalizing a $49.9 billion budget after three days of deliberations. The Senate adopted 514 of the 1,178 amendments filed by individual Senators. The final Senate budget adds $93.3 million in spending and 104 new policy sections.
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May 10, 2022
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May 10, 2022
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The Senate begins its budget process today, with the release of the Senate Ways and Means proposal. The SWM budget follows a similar script to the House, foregoing a tax relief proposal put forward by Governor Baker and including hundreds of millions in new investments. Like earlier proposals, the…
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May 10, 2022
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May 10, 2022
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The Massachusetts Taxpayers Foundation, a nonpartisan watchdog group, endorsed Baker’s plan, calling it the right move to keep the commonwealth competitive.
News Item
May 03, 2022
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May 03, 2022
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The Massachusetts Taxpayers Foundation helpfully adds it all up: The bill includes 614 environmental, climate, and economic development earmarks, and guarantees every municipality in the state at least $250,000.
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Apr 28, 2022
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Apr 28, 2022
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The House wrapped up its budget deliberations this week, finalizing a $49.8 billion budget, after adding $129.6 million in spending through amendment over the course of 3 days of session.
The House acted on a record number of budget amendments this year, disposing of 1,522 riders through 7…
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