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...

As a proponent of the 1993 education reforms and a founding member of the Massachusetts Business Alliance for Education, the Foundation has long recognized that the long-term well-being of the Commonwealth relies on a high performing education system...

“It is good news that tax revenue collections exceeded the monthly estimates,” said McAnneny. “But caution remains the key word for the rest of the fiscal year because revenues remain below projections for the year.”

Massachusetts Taxpayers Foundation President Eileen McAnneny today reacted to the preliminary tax revenue totals announced yesterday by the Massachusetts Department of Revenue, which fell short of the year-to-date tax benchmarks by $403 million.

Governor Baker released a spending plan that totals $47.5 billion which includes both pre-budget transfers and line-item appropriations for fiscal year (FY) 2020. The proposal is noteworthy for the inclusion of several policy initiatives along with...

Tax revenues will increase by approximately $680 million, or 2.4 percent, to $29.47 billion in fiscal 2020 according to a new forecast released today by the Massachusetts Taxpayers Foundation at the state’s annual consensus revenue hearing.

Today Governor Baker signed a $41.8 billion budget. The Governor exercised his veto powers by eliminating $48.9 million in spending while proposing amendments to 19 of the 110 policy sections included in the conference budget.

Today, the House and Senate released the fiscal (FY) 2019 budget conference report, which will now go to Governor Baker for his review. The $41.88 billion budget reconciles the House and Senate spending plans eighteen days after the start of the new...

Fiscal year (FY) 2019 begins on July 1st and budget conferees in both the House and Senate are working to complete their compromise budget in time for the start of the year. This brief outlines several of the issues that are being negotiated and...

Fiscal year (FY) 2018 ends in less than a month and final action to officially close out the year will likely occur before legislative session ends at the end of July. For the first time in several years, the year will end with tax revenues that...