After two consecutive fiscal years of above-trend tax growth and manageable spending increases, an initial analysis of the state’s finances suggests policymakers will face tough choices as they begin budget development for state fiscal year 2021. A...

Tax revenues will increase by approximately $615 million, or 2.0 percent, to $31.06 billion in fiscal 2021 according to a new forecast released today by the Massachusetts Taxpayers Foundation at the state’s annual consensus revenue hearing. The...

This is a watershed moment for transportation in the Commonwealth. The Transportation Table (T3) is a group of leaders across major sectors of the Commonwealth – business, industry, municipalities, and non-profits. Together, we call on us all –...

Given the recent attention to the issue of whether Massachusetts should decouple from Internal Revenue Code Section 163(j), the Massachusetts Taxpayers Foundation (MTF) has assembled a brief primer on the issue explaining what the provision does, why...

Though the Commonwealth’s fiscal year 2019 ended June 30th, decisionmakers must make several important choices before the final accounting of the state’s finances for the year can be completed. Most importantly, lawmakers will determine how to...

The Baker Administration filed an $18 billion, five-year transportation bond bill on July 25th for consideration by the legislature later in this legislative session. H.4002, An Act Authorizing and Accelerating Transportation Investment, requests the...

Though the Commonwealth’s fiscal year 2019 ended June 30th, decisionmakers must make several important decisions before the final accounting of the state’s finances for the year can be completed. Most importantly, lawmakers will determine how to...

I am writing today in support of House Bill 2446: An Act Relative to the Massachusetts Estate Tax Code. While the Foundation believes that the Massachusetts estate tax should mirror the federal estate tax, this bill would more closely align the...

The thirty-one Massachusetts organizations signing this letter collectively support the July 30 Senate Environment & Public Works (EPW) Committee’s unanimous approval of the America’s Transportation Infrastructure Act (ATIA). The ATIA would...

On behalf of the numerous businesses represented by the Massachusetts Taxpayers Foundation, I write to respectfully request that you report H.2606 – An Act Allowing for the Deduction of Business Interest – favorably from Committee at your earliest...