The Healey-Driscoll administration has released its inaugural budget, 8 weeks after being sworn into office. The $54.8 billion spending plan builds in ongoing tax relief, while making major new investments in several critical areas, and continues to...

MTF is publishing eleven policy previews on these and other topics to help policymakers and the public begin the session with a clear understanding of where issues stand and the policy questions that must be addressed in the months ahead.  Each...

Governor Healey’s Capital Authorization Bills On Thursday, January 19th, Governor Maura Healey filed the first capital bond bills of her Administration, totaling $1.4 billion. The first bill focuses on what the Administration identifies as the ...

Budget leaders from the House, Senate, and Administration have agreed on a $40.410 billion consensus tax revenue figure for the fiscal year 2024 budget. Budget makers expect tax revenues to grow by $642 million (1.6 percent) over estimated FY 2023...

Following a startling $11.5 billion surge in FY 2021 and FY 2022, tax revenues for this year and next settle into a lower and slower growth pattern as global risks escalate. MTF projects that FY 2023 revenues will top the $39.62 billion benchmark by ...

House and Senate budget leaders have released a compromise $3.76 billion economic development bill, which also closes the books on fiscal year (FY) 2022.  This legislation, which cuts the House and Senate economic development bill proposals by...

Fiscal year 2023 began several months ago, but the loose ends of an eventful FY 2022 provides a more intriguing budget plotline. Unprecedented tax collections, outstanding spending bills, and close to $3 billion in taxpayer refunds combine for a...

Two straight years of surging tax collections have put in focus M.G.L.c. 62F, a little known state law that establishes a limit on allowable tax revenues. This brief summarizes the law and assesses what it could mean for fiscal year 2022 and beyond. ...

On July 28th, Governor Baker signed the FY 2023 budget. In doing so, the Governor essentially agreed with the legislative spending plan, vetoing just $475,000, however, he also proposed a number of changes to the policy provisions in the budget,...

The Senate engrossed a $5.1 billion spending, economic development, and tax relief package last week, increasing the fiscal impact of the bill by $271.3 million during floor debate.  This Brief summarizes the new spending, tax, and policy...