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May 03, 2023
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May 03, 2023
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Massachusetts Taxpayers Foundation President Doug Howgate said the consensus revenue estimate crafted by legislative and administration budget chiefs assumed the impacts from a capital gains slowdown and PTE credits would be "staggered over '23 and '24."
"The number is jarring, but I'm not sure '…
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May 03, 2023
News Item
May 03, 2023
News Item
Doug Howgate, president of the Massachusetts Taxpayers Foundation, agreed that the causes of the April downturn were on the radar screens of policymakers and analysts, but their timing was unclear. As for tax relief, Howgate said, it is sound from a policy standpoint and doable from a financial…
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Apr 27, 2023
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Apr 27, 2023
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The House finalized its $54.9 billion Fiscal Year (FY) 2024 budget this week after adding $129.7 million in spending over the course of three days of debate.
The House took action on 1,566 amendments through a combination of 7 consolidated amendments and 3 separate votes. Some form of at least 773…
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Apr 19, 2023
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Publication
Apr 19, 2023
Event
Apr 19, 2023
Event
Members can register here, and non-members, please contact MTF Membership Director Debbie Carroll for more information!
Event
Apr 13, 2023
Event
Apr 13, 2023
Event
Members can register here, and non-members, please contact MTF Membership Director Debbie Carroll for more information!
Event
Apr 12, 2023
Publication
Apr 12, 2023
Publication
The next major step in the FY 2024 budget development process began today with the release of the House Committee on Ways and Mean’s (HWM) budget proposal. Coming just six weeks after Governor Healey filed her administration’s inaugural budget, the $54.8 billion HWM spending plan makes significant…
Publication
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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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 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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