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- March 19 2013The Governor’s proposed sales tax on computer and data processing and custom software would have very serious ramifications for major sectors of the state’s economy.
- January 30 2013
The Foundation’s analysis of the Governor’s tax proposal shows that the elimination of the personal income tax exemptions and the additional corporate taxes account for most of the $1.9 billion in new revenues. The analysis also summarizes the 44 personal income tax exemptions and deductions that he has proposed to eliminate.
- December 20 2012Over the last eight months, the state’s OPEB Commission has done an enormous amount of good work in addressing the unaffordable costs of retiree health care facing the state and municipalities.
- December 13 2012
Municipal revenues and expenditures grew by just 2.7 percent to $22.6 billion in fiscal 2012, leaving Massachusetts cities and towns in the midst of a three-year slowdown that is unprecedented in the Proposition 2 ½ era, according to the Massachusetts Taxpayers Foundation’s 42nd annual Municipal Financial Data report released today.
- December 11 2012
Fiscal 2014 tax revenues will grow by $835 million, or 3.9 percent, to $22.37 billion, according to a new forecast released today by the Massachusetts Taxpayers Foundation.“While fiscal 2014 shows an improving revenue picture, we are still a long way from experiencing the level of revenue growth of prior economic recoveries,” Widmer said.
- November 15 2012
The Foundation’s latest report, State Tax Expenditures: Less Than Meets The Eye, examines the state’s annual estimate of “tax expenditures,” or the amount of revenue the state foregoes because of exceptions to tax laws. While commonly thought of as incentives, tax breaks, or loopholes that benefit corporations, the Foundation’s analysis shows that billions of the state’s so-called tax expenditures are merely the result of longstanding tax policies and practices, mostly benefitting individuals.
- July 11 2012
The Foundation’s latest release, issued jointly with The Boston Foundation and Metropolitan Area Planning Council, summarizes the enormous success of the state’s municipal health insurance law on the one-year anniversary of its passage by the Legislature. First-year savings have now reached an astonishing $175 million statewide as at least 160 cities and towns have taken steps to implement changes in their health plans.
- May 30 2012
While tax expenditures are commonly thought of as tax breaks given to specific businesses or industries, they actually represent a much broader set of tax policies that benefit every resident of the state. Tax expenditures include all exemptions from the state sales tax, as well as exclusions, deductions, and credits that the state allows on personal and corporate income taxes.
- May 24 2012
Implementation of the 2011 municipal health reform law is vastly surpassing expectations as 102 Massachusetts communities have negotiated agreements with employees that will generate $117 million in first year savings, according to a new analysis released today by the Massachusetts Taxpayers Foundation.
- May 16 2012
In the attached table, the Foundation summarizes and contrasts the 2013 budget proposals of Governor Patrick, the House and Senate Ways and Means as well as final spending for fiscal 2010 and 2011 and the original and projected spending for fiscal 2012.