On January 28th, the Healey-Driscoll administration released its $63.36 billion Fiscal Year (FY) 2027 budget proposal. The spending plan reflects an increase of $2.3 billion (3.8 percent) over the FY 2026 General Appropriations Act (GAA) and $668...

On January 28th, the Healey-Driscoll administration filed its budget proposal for Fiscal Year (FY) 2027. The $63.36 billion plan increases spending over the FY 2026 General Appropriations Act (GAA) by $2.3 billion (3.8 percent) and over the...

This afternoon, the Healey-Driscoll administration released its Fiscal Year (FY) 2027 budget proposal. The $63.36 billion spending plan increases spending over the FY 2026 General Appropriations Act (GAA) by $2.3 billion (3.8 percent) and over the...

On January 14th, budget leaders from the House, Senate, and Healey administration announced a $44.9 billion consensus tax revenue figure for Fiscal Year (FY) 2027, including $42.2 billion in non-surtax revenue and $2.7 billion related to the income...

On December 16th, the Massachusetts Taxpayers Foundation (MTF), along with the Department of Revenue (DOR) and other economic experts participated in the annual Consensus Revenue Hearing. The hearing offers administration and legislative budget...

The Massachusetts Taxpayers Foundation (MTF) projects Fiscal Year (FY) 2026 non-surtax revenues to fall $73 million below the FY 2026 benchmark, ending the year at $41.14 billion. FY 2027 non-surtax revenues are projected to grow $884 million or 2.2...

In November 2019, An Act Relative to Educational Opportunity for Students (Chapter 132 of the Acts of 2019) was signed into law by Governor Charlie Baker. Better known as the Student Opportunity Act (SOA), the new law represented the...

Last week, MTF published a fiscal update brief reviewing Fiscal Year (FY) 2025 tax revenue collections, the current budget balance estimate, and the Healey-Driscoll administration’s closeout supplemental budget. It included MTF’s recommendation for...

State budget officials and policymakers have reached the point during the calendar year when it is necessary to balance the demands of three fiscal years at one time. The Healey administration’s closeout supplemental budget proposal for Fiscal Year ...

The same day that Governor Healey signed the Fiscal Year (FY) 2026 budget, while trimming $130.2 million in spending, she filed a supplemental budget proposing several fiscal management tools to help the state address revenue volatility or unmet...