The Secretary for Administration and Finance and the Chairs of House and Senate Ways and Means Committees have agreed to assume $27.072 billion in tax revenue in FY 2018. This amount represents 3.9 percent growth over expected FY 2017 revenues. While...

The Consensus Revenue Hearing, held on December 5th, kicked off the FY 2018 budget development process. The testimony at the hearing highlighted a number of fiscal challenges that the state can expect in the near future. The Foundation is providing a...

According to Eileen McAnneny, the Foundation’s President, ”this contract agreement demonstrates what is achievable when management and labor have a candid dialogue on how to face future challenges without the shackles of the Pacheco law....

Today, the Baker Administration announced $97.9 million in midyear budget (9C) cuts.1 These cuts come during a particularly challenging budget year in which revenues have been reduced by $800 million already. This brief provides background on the FY...

Eileen McAnneny, President of MTF, presented the Foundation’s economic and revenue forecast to members of the House and Senate Ways and Means Committees and the Secretary of Administration and Finance at their annual consensus revenue hearing at the...

Earlier in October, the Baker Administration identified an estimated midyear budget gap of $294 million. Today, Administration and Finance Secretary Lepore laid out the plan to close that gap and keep this year’s budget in balance. This brief...