As cities like Boston continue to navigate changes in urban economies resulting from the ongoing pandemic recovery, a new report from the Massachusetts Taxpayers Foundation (MTF) details the challenges and opportunities that lie ahead. Urban...

The State’s Workforce Investments – Most Important Things to Know1.;State investments in workforce programs have significantly increased over the past five years. In FY 2023, policymakers increased workforce spending by $214 million (62 percent) over...

Over the last two years, the federal government has made unprecedented investments in transportation, climate resiliency, and economic development infrastructure through three pieces of legislation: the Infrastructure Investment and Jobs Act (IIJA),...

On August 9th, Governor Healey signed the Fiscal Year (FY) 2024 budget; sending back $272 million in gross spending vetoes ($205 million net), amending 8 outside policy sections, and vetoing one policy section. The Governor’s vetoes eliminate the...

The House and Senate are set to enact a Fiscal Year (FY) 2024 budget, totaling $56.2 billion. The conference committee report was filed on July 30th, one month after the start of the new fiscal year. This year, separate tax bill negotiations, the new...

After four days of debate, the Senate finalized its $55.9 billion Fiscal Year (FY) 2024 budget; adding $82.2 million in new spending and 34 outside policy sections.The Senate took action on 1,049 amendments through a combination of standalone votes...

Who’s LeavingU.S. Census: Suffolk and Middlesex residents, the two most expensive countiesIRS: Tax filers aged 26 to 35 dominate outflow; impairs talent pipelineWhy They’re LeavingCost and quality of living worsening; housing prices climb even faster...

Authored by: Meaghan Callahan

The Fiscal Year (FY) 2024 budget process reached another milestone today with the release of the Senate Committee on Ways and Means (SWM) budget proposal. The $55.9 billion SWM spending plan differs from earlier proposals as it was not released in...

Major Trends in Local FinanceMunicipal revenues and expenditures increased by 5.7 percent ($1.8 billion) from fiscal year (FY) 2021 to FY 2022; the highest rate of growth since FY 2007. The strong rate of growth in FY 2022 is partially the residue of...