Publications: FY 2020

View more in FY 2020

  • December 4 2019

    Tax revenues will increase by approximately $615 million, or 2.0 percent, to $31.06 billion in fiscal 20211 according to a new forecast released today by the Massachusetts Taxpayers Foundation at the state’s annual consensus revenue hearing. The Foundation estimates capital gains tax revenues of $1.64 billion.

  • August 2 2019
    Governor Charlie Baker signed his fifth General Appropriations Act (GAA) on Wednesday, July 31, 2019, giving his approval to $43.6 billion in spending appropriations. While choosing not to exercise his veto authority to reduce spending, the Governor did veto line-item language in 7 spending accounts and returned 9 of the 108 policy sections to the legislature for further review.
  • July 22 2019
    Massachusetts legislators released their compromise plan for the fiscal 2020 budget, authorizing $43.6 billion in spending for the fiscal year that began July 1, 2019. The six-member budget conference committee reconciled the differences between the budget plans adopted by the House and Senate 21 days after the start of the new fiscal year.
  • 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.
  • 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.