Tax revenues for Fiscal Year (FY) 2024 and FY 2025 settle into a post-COVID pattern of lower growth as the economy slows, impacts from migration and an aging population emerge (Appendix A), and tax reforms take effect. Excluding revenues related to...

Workforce Changes Since 2019:The civilian labor force fell by ~130,000;120,000 residents turned 65150,000 left the workforce due to retirementIn sum - in September 2023, there were 150,000 more job openings than unemployed people in the...

Governor Healey filed her administration’s FY 2023 closeout supplemental budget on September 13th, and versions of the spending bill were passed by the House and Senate on November 8th and 14th, respectively. While the House and Senate bills largely...

The following brief provides an analysis of state workforce investments in the FY 2019 to FY 2023 budgets focusing on sector-based training programs. As MTF noted in our earlier introductory brief, these programs prioritize creating talent pipelines...

On October 19th, the Healey administration announced its plan to pursue the federal funding opportunities available through the Infrastructure Investments and Jobs Act (IIJA), Inflation Reduction Act (IRA), and Creating Helpful Incentives to Produce...

The Fiscal Year (FY) 2024 budget was signed into law on August 9th, but four months into the new fiscal year, work remains for administrative and legislative budget writers to close the books on FY 2023. This work – typically marked by the passage of...

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...