Publications: Budget

View more in Budget [1]

December 6 2016
MTF’s Analysis of Governor’s 9C Cuts [2]
Today, the Baker Administration announced $97.9 million in midyear budget (9C) cuts.1 These cuts come during a particularly challenging budget year in which revenues have been reduced by $800 million already. This brief provides background on the FY 2017 budget gap and summarizes the budget cuts announced today
Full Publication (PDF) [3]
December 5 2016
MTF Forecast: Sluggish Growth in Tax Revenues Continues in 2018 [4]
Eileen McAnneny, President of MTF, presented the Foundation’s economic and revenue forecast to members of the House and Senate Ways and Means Committees and the Secretary of Administration and Finance at their annual consensus revenue hearing at the State House today.“The Foundation advises extreme caution over the next 18 months and urges lawmakers to exercise great restraint in building the budget. There are both longstanding causes for concern, such as a shrinking workforce and insufficient reserves in our Stabilization Fund, and many new ones – such as the lack of clarity on many policy positions from President-elect Trump and ominous signs of a global economic slowdown – that necessitate a conservative approach. Given our fragile fiscal state and our unpreparedness for a recession, our expectation is that these pressures will only grow in the coming year.”
Full Publication (PDF) [5]
October 27 2016
MTF’s Analysis of FY 2017 Midyear Budget Gap [6]
Earlier in October, the Baker Administration identified an estimated midyear budget gap of $294 million. Today, Administration and Finance Secretary Lepore laid out the plan to close that gap and keep this year’s budget in balance. This brief outlines the causes of the budget shortfall and reviews the solutions.
Full Publication (PDF) [7]
September 20 2016
MTF’s Analysis of FY2016 Budget Shortfall [8]
This brief frames the final FY 2016 budget shortfall and takes a closer look at some of the factors that created the gap. It will also preview some of the solutions likely to be used to close the gap and outline possible implications for FY 2017.
Full Publication (PDF) [9]
August 3 2016
MTF’s Analysis of FY 2017 Budget Overrides [10]
On July 31st the Legislature completed its budget override process for FY 2017, finalizing the years General Appropriations Act. In total the Legislature overrode $231.6 million of the $267.1 million originally vetoed by the Governor.
Full Publication (PDF) [11]
July 14 2016
MTF’s Analysis of FY 2017 Budget [12]
The eventful final stages of the FY 2017 budget process are nearly complete. Last week, Governor Baker signed the Conference Committee budget after vetoing $267.1 million in spending and striking or proposing amendments to 60 budget sections. The legislature has until the end of July to take up overrides of the Governor’s vetoes at which point the FY 2017 budget will be finalized.
Full Publication (PDF) [13]
June 30 2016
Initial Analysis of the FY 2017 Conference Report [14]
The FY 2017 Conference Committee report released yesterday reconciles the House and Senate budgets while assuming $750 million less in tax revenue than previous spending plans. This analysis outlines the Conference Committee plan for balancing the budget in light of reduced tax revenues and highlights areas of concern as we start the fiscal year.
Full Publication (PDF) [15]
June 20 2016
FY 2017 Conference Committee: The Impact of FY 2016 Tax Revenues [16]
With just days left in the fiscal year, tax revenues currently stand at $310 million below benchmark for FY 2016. This shortfall creates major challenges for ending the current fiscal year in balance and calls into question the accuracy of the tax revenue projection used to build the FY 2017 spending plans put forward by the Governor, the House and Senate.
Full Publication (PDF) [17]
May 31 2016
MTF’s Preliminary Analysis of the Senate Debate [18]
Late last week the Senate completed its FY 2017 budget process. During three days of debate, the Senate added $61.4 million in new spending and 181 new policy sections to the budget proposal submitted by the Senate Committee on Ways and Means (SWM). The next stop in the process is the appointment of a conference committee to resolve the differences.
Full Publication (PDF) [19]
May 17 2016
MTF’s Analysis of the Senate Ways and Means Budget [20]
The Senate Ways and Means budget fares well when compared with the three fiscal criteria set out by the Foundation to analyze the FY 2017 budget. Sharing the fiscal approach adopted by the House and the Governor, this spending plan proposes restrained spending growth and no new revenue initiatives.
Full Publication (PDF) [21]

Links:
[1] https://www.masstaxpayers.org/budget
[2] https://www.masstaxpayers.org/publications/public_finance/budget/fy_2017/20161206/mtf%E2%80%99s_analysis_governor%E2%80%99s_9c_cuts
[3] https://www.masstaxpayers.org/sites/masstaxpayers.org/files/MTF9CAnalysis.pdf
[4] https://www.masstaxpayers.org/publications/public_finance/budget/fy_2018/20161205/mtf_forecast_sluggish_growth_tax_revenues_contin
[5] https://www.masstaxpayers.org/sites/masstaxpayers.org/files/2018 Revenue Forecast_Final_12_2016_0.pdf
[6] https://www.masstaxpayers.org/publications/public_finance/budget/fy_2017/20161027/mtf%E2%80%99s_analysis_fy_2017_midyear_budget_gap
[7] https://www.masstaxpayers.org/sites/masstaxpayers.org/files/MTF Midyear Budget Gap.pdf
[8] https://www.masstaxpayers.org/publications/public_finance/budget/fy_2016/20160920/mtf%E2%80%99s_analysis_fy2016_budget_shortfall
[9] https://www.masstaxpayers.org/sites/masstaxpayers.org/files/FY2016BudgetShortfallAnalysis.pdf
[10] https://www.masstaxpayers.org/publications/public_finance/budget/fy_2017/20160803/mtf%E2%80%99s_analysis_fy_2017_budget_overrides
[11] https://www.masstaxpayers.org/sites/masstaxpayers.org/files/MTF override analysis FY2017.pdf
[12] https://www.masstaxpayers.org/publications/public_finance/budget/fy_2017/20160714/mtf%E2%80%99s_analysis_fy_2017_budget
[13] https://www.masstaxpayers.org/sites/masstaxpayers.org/files/MTF_Veto_Bulletin_14JULY2016.pdf
[14] https://www.masstaxpayers.org/publications/public_finance/budget/fy_2017/20160630/initial_analysis_fy_2017_conference_report
[15] https://www.masstaxpayers.org/sites/masstaxpayers.org/files/MTF_17_Conference.pdf
[16] https://www.masstaxpayers.org/publications/public_finance/budget/fy_2017/20160620/fy_2017_conference_committee_impact_fy_2016_tax_
[17] https://www.masstaxpayers.org/sites/masstaxpayers.org/files/MTF_Conference_Revenues_20JUNE_2016.pdf
[18] https://www.masstaxpayers.org/publications/public_finance/budget/fy_2017/20160531/mtf%E2%80%99s_preliminary_analysis_senate_debate
[19] https://www.masstaxpayers.org/sites/masstaxpayers.org/files/MTF_SenFinal_31MAY_2016.pdf
[20] https://www.masstaxpayers.org/publications/public_finance/budget/fy_2017/20160517/mtf%E2%80%99s_analysis_senate_ways_and_means_budget
[21] https://www.masstaxpayers.org/sites/masstaxpayers.org/files/MTF_SWMFY17.pdf
[22] https://www.masstaxpayers.org/publications/1
[23] https://www.masstaxpayers.org/publications/1?page=5
[24] https://www.masstaxpayers.org/publications/1?page=2
[25] https://www.masstaxpayers.org/publications/1?page=3
[26] https://www.masstaxpayers.org/publications/1?page=4
[27] https://www.masstaxpayers.org/publications/1?page=7
[28] https://www.masstaxpayers.org/publications/1?page=8
[29] https://www.masstaxpayers.org/publications/1?page=9
[30] https://www.masstaxpayers.org/publications/1?page=10
[31] https://www.masstaxpayers.org/publications/1?page=18