Through the middle of June, the final month of fiscal 2022, Massachusetts had collected $39.199 billion in tax revenue for fiscal year 2022, enough that the Massachusetts Taxpayers Foundation estimated a surplus in the neighborhood of $3.5 billion. ...

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,...

Legislative leaders have less than a week to reconcile the House and Senate’s differing $5 billion omnibus spending, tax and policy bills. This Bulletin identifies key fiscal and policy provisions to be negotiated by the Conference Committee tasked...

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...

The Senate leadership’s economic development bill does spend more on environmental infrastructure overall than the House, according to a Massachusetts Taxpayers Foundation analysis, once items such as electric-car chargers are factored in. But Mass...

Just days after the House concluded its debate, the Senate Committee on Ways and Means (SWM) released its version of a $4.8 billion proposal that makes direct appropriations, authorizes capital spending, proposes tax relief and includes economic...

The House engrossed a $4.8 billion spending, economic development, and tax relief package last week increasing the fiscal impact of the bill by $499.2 million after two days of debate.  This Brief summarizes the new spending, tax, and policy...

The House and Senate have enacted a $59.6 billion fiscal year (FY) 2023 budget, which includes all major spending proposals in either budget as well as several new large investments in areas like early education, K-12, and transportation. The...

Less than three weeks before the end of formal session, House Ways and Means has released a $4.3 billion bill that makes direct appropriations, authorizes capital spending and proposes tax relief. This massive bill includes $2.55 billion in immediate...