• August 8 2019
    The Commonwealth Stabilization Fund, the state’s “rainy day” fund, is a critical component of the Commonwealth’s financial structure. For example, amid the Great Recession in fiscal 2009, budgeted tax revenue plummeted by nearly $2.7 billion compared to fiscal 2008.
  • 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 26 2019
    I write to offer comments on the rule proposal entitled “Fiduciary Conduct Standard for Broker-Dealers, Agents, Investment Advisers and Investment Adviser Representatives”
  • 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.
  • June 27 2019
    The Commonwealth of Massachusetts may be on track to end fiscal year 2019 with a surplus of approximately $522 million according to a new analysis. MTF outlined a framework for handling any fiscal 2019 surplus, including (1) Add to the state’s “rainy day” fund; (2) Pay down unfunded pension and OPEB liabilities; (3) Make one-time investments in transportation and education initiatives.
  • June 21 2019
    As you know, tax revenue collections through May 2019 exceeded expectations by $952 million. If this strength continues through June, budgeted tax revenue will grow nearly seven percent over the strong fiscal 2018 collections.
  • June 20 2019
    We are a diverse group of organizations with business constituencies, united by the once-in-a generation opportunity to modernize and decarbonize our transportation system. We are writing to you for two reasons. First, we strongly support the work of the Commission on the Future of Transportation and we would like to see its recommendations fully implemented.
  • June 14 2019

    In furtherance of this mission, I write today in support of H.3507, the proposal to change state laws related to local zoning to encourage housing development in Massachusetts.

  • 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?