On July 31st the Legislature completed its budget override process for FY 2017, finalizing the years General Appropriations Act. In total the Legislature overrode $231.6 million of the $267.1 million originally vetoed by the Governor.

The eventful final stages of the FY 2017 budget process are nearly complete. Last week, Governor Baker signed the Conference Committee budget after vetoing $267.1 million in spending and striking or proposing amendments to 60 budget sections. The...

The FY 2017 Conference Committee report released yesterday reconciles the House and Senate budgets while assuming $750 million less in tax revenue than previous spending plans. This analysis outlines the Conference Committee plan for balancing the...

With just days left in the fiscal year, tax revenues currently stand at $310 million below benchmark for FY 2016. This shortfall creates major challenges for ending the current fiscal year in balance and calls into question the accuracy of the tax...

The Massachusetts Taxpayers Foundation is pleased to issue this report entitled: “The Commonwealth’s Capital Budget: A Primer” the purpose of which is to provide a guide on the process, how it differs from the operating budget and how capital...

Late last week the Senate completed its FY 2017 budget process. During three days of debate, the Senate added $61.4 million in new spending and 181 new policy sections to the budget proposal submitted by the Senate Committee on Ways and Means (SWM)....

The Senate Ways and Means budget fares well when compared with the three fiscal criteria set out by the Foundation to analyze the FY 2017 budget. Sharing the fiscal approach adopted by the House and the Governor, this spending plan proposes...

The Foundation offers a preview of issues to watch in the Senate Ways and Means FY 2017 budget.

This bulletin assesses the impact that recent tax collections may have on the state’s ability to end the year in balance and highlights some possible implications for FY 2017.

This week, the House completed its debate of the FY 2017 budget. Over the course of three days, the House added $59.5 million in new budget spending and 91 new policy sections to the budget plan released from the House Ways and Means Committee (HWM)...