May 09, 2025
BUDGET & TAXES

The Changing Landscape: Impacts of Federal Action on Massachusetts

Part 2 : Federal Budget Process

The federal government spends more than $6 trillion each year through its annual budget. The federal budget process shares some similarities with the state, but it also differs in many ways.

This resource provides a basic outline of that process and how it might affect Massachusetts.
Important Basics:

BUDGET & TAXES

July Member Briefing: Fiscal Update

July 30, 2025.10:00 AM–11:00 AM
Debbie Carrol, Dcarrol@masstaxpayers.org

Please join us for our next Member Briefing, which will provide an update on the state’s finances as we close out FY 2025 and FY 2026 gets underway. The Briefing will review the FY 2026 conference report, Governor Healey’s vetoes, and assess how the federal reconciliation bill is likely to affect state finances in the coming months.

March 31, 2020
BUDGET & TAXES

More Help Is Likely on the Way for States and Localities and the Coronavirus-caused Recession

Paul W. Taylor & Girard Miller ,

Governing Magazine

Massachusetts is facing scrutiny on two fronts as public markets collapse and pressure on government pensions for its nearly 300,000 public employees and retirees and budgets rise. The commonwealth’s credit rating could take the real hit in all of this. The Boston Globe reports “the business-backed Massachusetts Taxpayers Foundation, said a prolonged market slump could make it tougher for the state to reach its goal of fully funding its pension obligations by 2037. If the state falls short, bond rating agencies such as S&P and Moody’s will pay attention.”

Public Finance

State and local public finance is the analytical framework for virtually all MTF research projects, in furtherance of the organization’s mission to strengthen the state’s finances and position the Commonwealth for long-term growth. MTF’s award-winning research and analysis has been a valuable resource for public and private sector decision-makers in Massachusetts for decades. MTF leverages its expertise to provide tax revenue forecasts, budget analysis, and policy recommendations to the Commonwealth’s policymakers.