Displaying 51–60 of 278
Apr 13, 2022
PUBLIC FINANCE > Budget > FY 2023
The next stage in the fiscal year (FY) 2023 budget begins today with the release of the House Ways and Means (HWM) committee’s budget proposal. Like Governor Baker’s proposal released in January, the HWM budget makes historic investments in K-12...
PUBLIC FINANCE > Budget > FY 2023
Feb 28, 2022
PUBLIC FINANCE > Budget > FY 2022
Governor Baker has put forward a $2.4 billion supplemental budget that uses $1.6 billion of the state’s fiscal year (FY) 2022 anticipated revenue surplus and several federal revenue sources to maintain and expand several COVID-19 related programs,...
PUBLIC FINANCE > Budget > FY 2022
Jan 26, 2022
PUBLIC FINANCE > Budget > FY 2023
Governor Baker’s Budget – Five Things to Know Among the many elements in Governor Baker’s budget, several proposals and assumptions stand out as being particularly notable.  Each of these items will play a significant role in the budget...
PUBLIC FINANCE > Budget > FY 2023
Jan 14, 2022
PUBLIC FINANCE > Budget > FY 2023
Budget leaders from the House, Senate, and Administration have agreed on $36.9 billion as the consensus tax revenue figure for the fiscal year 2023 budget. Budget makers expect tax revenues to grow by $967 million (2.7 percent) over estimated FY 2022...
PUBLIC FINANCE > Budget > FY 2023
Dec 21, 2021
PUBLIC FINANCE > Budget > FY 2022
Massachusetts experienced a startling $4.5 billion surge in tax revenues in FY 2021 representing 15 percent growth in the midst of the pandemic. MTF projects that FY 2022 revenue growth will remain strong, reaching $37.2 billion or $2.9 billion above...
PUBLIC FINANCE > Budget > FY 2022
Dec 02, 2021
PUBLIC FINANCE > Budget > FY 2022
Today, the House and Senate passed a $4 billion spending bill which uses the remaining fiscal year 2021 surplus and up to $2.55 billion in Fiscal Recovery Funds provided through the American Rescue Plan.  The compromise legislation increases...
PUBLIC FINANCE > Budget > FY 2022
Nov 15, 2021
PUBLIC FINANCE > Budget > FY 2022
Last week, the Senate passed a $3.8 billion recovery plan that uses a combination of Fiscal Recovery Funds (FRF) and fiscal year 2021 (FY) surplus revenues. In one day of debate, the Senate adopted 388 amendments which added $154.4 million in...
PUBLIC FINANCE > Budget > FY 2022
Nov 03, 2021
PUBLIC FINANCE > Budget > FY 2022
The ongoing legislative process for ARPA legislation continued today with the release of a $3.7 billion spending plan from the Senate Committee on Ways and Means (SWM).  As with the House plan finalized last week, the SWM proposal mixes federal...
PUBLIC FINANCE > Budget > FY 2022
Nov 01, 2021
PUBLIC FINANCE > Budget > FY 2022
Last week, the House engrossed a $3.8 billion pandemic recovery spending plan that combines federal Fiscal Recovery Funds (FRF) and the state’s fiscal year (FY) 2021 surplus.  Over two days of debate, House members added $173.6 million in...
PUBLIC FINANCE > Budget > FY 2022
Oct 26, 2021
PUBLIC FINANCE > Budget > FY 2022
Earlier today, the House Committee on Ways & Means (HWM) released their plan to spend $3.65 billion in federal Fiscal Recovery Funds (FRF) and fiscal year (FY) 2021 surplus dollars on a variety of programs and policies intended to spur the...
PUBLIC FINANCE > Budget > FY 2022