Publications: Budget

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  • June 10 2019

    The Massachusetts Taxpayers Foundation asks lawmakers to consider five questions before casting their votes: 1) Does this income tax surcharge meet the standards of a sound tax policy? 2) Will the estimated $1.9 billion in new tax revenue materialize? 3) Will overall spending on transportation and education increase by $1.9 billion? 4) If this experiment fails, what options are available to fix a constitutional change? 5) Is the change to the Constitution that adds the surtax the best option available to the Legislature?

  • May 29 2019
    Last week, the Massachusetts State Senate finalized its version of the fiscal year 2020 budget after considering the Senate Committee on Ways and Means (SWM) budget proposal and the 1,142 amendments filed by Senators. The differences between the House and Senate versions will now be resolved by a conference committee anticipated to be appointed next week.
  • May 8 2019
    On May 7, the Senate Committee on Ways and Means (SWM) unveiled their budget proposal for state fiscal year 2020, which begins July 1, 2019. The proposal, the first under new Chair Michael J. Rodrigues, authorizes $43.2 billion in spending in fiscal 2020.1 This policy brief highlights key elements of the plan and provides an initial analysis of the SWM budget.
  • May 6 2019

    Eileen McAnneny, the President of the Massachusetts Taxpayers Foundation (MTF), reacted today to the announcement of April tax revenue collections by the Massachusetts Department of Revenue (DOR). “Robust revenue collection is a good news story,” said McAnneny.

  • April 11 2019
    On April 10, the Massachusetts Legislature’s House Committee on Ways and Means (HWM) released its version of the fiscal 2020 budget, which begins on July 1, 2019.1 The proposal, the first under new Chair Aaron Michlewicz, details the House’s spending priorities totaling $43.2 billion.
  • April 11 2019
    Thank you for this opportunity to testify today on S.16/H.86, the proposal to amend the Massachusetts Constitution to impose an additional surtax on annual income over $1 million. I am Eileen McAnneny, President of the Massachusetts Taxpayers Foundation.
  • April 4 2019

    In the eight weeks since Governor Charlie Baker released his spending plan for fiscal year 2020, the proposal has been the subject of significant analysis and debate. This policy brief serves as an update and addendum to MTF’s original analysis of February 4, 2019.

  • April 4 2019
    Tax revenue collections have been a roller coaster ride during fiscal 2019. Through the first five months of the year, tax collections were strong, ending November $323 million over estimates. In December and January, however, collections fell far short, ending January with a year-to-date variance of $403 million below benchmarks.