Earlier this week, the Healey administration announced a $1 billion tax revenue shortfall for FY 2024, downgrading the revenue benchmark from $40.41 billion to $39.41 billion. They also released a plan to solve the shortfall which includes...

On January 8th, budget leaders from the House, Senate, and Administration announced a $40.202 billion consensus tax revenue figure for the Fiscal Year (FY) 2025 budget, excluding surtax revenue. Budget writers expect tax revenues to grow by $792...

The Healey Administration announced a $1 billion revenue shortfall, attributable to below benchmark revenue collections to date.The FY 2024 revenue benchmark has been downgraded to $39.410 billion.After accounting for the shortfall and the impacts of...

Doug Howgate, the president of the Massachusetts Taxpayers Foundation, said the numbers suggest to him that it’s time for Gov. Maura Healey to revise downward the tax revenue forecast for this year by about $1 billion and begin to pare back spending...

It’s bad news no matter how you spin it. The Massachusetts Taxpayers Foundation, in a brief published in late December, called the situation “a sobering statement of how long and challenging the path to a well-functioning system is.”The MBTA says it...

MTF's Annual Tax Policy Conference convenes a wide variety of attendees interested in and affected by tax policy in Massachusetts. Attendees include public officials and staff, representatives of large employers, tax practitioners, and business and...

Please join us for our hybrid October Member Briefing, featuring MassINC Polling Group President Steve Koczela to discuss the second annual competitiveness poll and where the public stands ahead of the 2026 midterm elections. Register here....

Three of the most-read stories from CommonWealth ... related to transportation, and the top story, about a Massachusetts Taxpayers Foundation study, focused on transportation and the fallout from COVID and remote work on the downtown Boston office...

Massachusetts faces a huge question mark about how to fund the future of transportation in the commonwealth. And we need a plan.A new report from the Massachusetts Taxpayers Foundation described the challenge as “near insurmountable” given the...

“Given that the MBTA lacks sufficient resources to even manage the previous $10 billion SGR Index, let alone the projects in the unconstrained 10-year spending framework, an additional $2 billion in capital needs puts the capital gap at near...