Doug Howgate, the president of the Massachusetts Taxpayers Foundation, said he projects that fiscal year 2024 state revenues will come in at $40.06 billion, an increase of $366 million or about 1 percent over fiscal 2023. “There are numerous cross...

Doug Howgate, president of the Massachusetts Taxpayers Foundation, stopped short of offering a surtax revenue projection in his testimony, citing a lack of information so far and the inherent volatility of the metric. The full impact of the surtax...

Doug Howgate, president of the business-backed Massachusetts Taxpayers Foundation, urged lawmakers on Tuesday to not use any of the revenue the tax generates this year, and to cap how much it dips into next year at $500 million while the state gains...

A proposal outlined by the Massachusetts Taxpayers Foundation at the hearing called for splitting the money from the surtax equally between two trust funds, one for education and one for transportation. The foundation recommended not touching any...

Massachusetts Taxpayers Foundation President Doug Howgate described the dynamic in his written testimony by noting the “headwinds are unnerving and plentiful,” including the potential for a global recession, the war between Russia and Ukraine,...

Evan Horowitz, executive director of Tufts University’s Center for State Policy Analysis, and Doug Howgate, president of the Massachusetts Taxpayers Foundation, urged lawmakers to spend a specific amount of the surtax revenue annually (Horowitz...

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 ...

Yet, even with this solid foundation, there are warning signs we must heed. According to a recent report from the Massachusetts Taxpayers Foundation, Massachusetts lost 46,000 residents in 2021, the 4th greatest state population loss in the...

The state of Massachusetts invested a record $1.3 billion in child care in fiscal year 2023, but 16,000 children are still on the wait list for subsidized care, according to a new Massachusetts Taxpayer Foundation report. Inadequate access to...

Massachusetts isn't helping as many low-income families access childcare as it could or should, according to a new report from the Massachusetts Taxpayers Foundation. The report says more than 16,000 children are on a waiting list for a state...