- August 3 2016On July 31st the Legislature completed its budget override process for FY 2017, finalizing the years General Appropriations Act. In total the Legislature overrode $231.6 million of the $267.1 million originally vetoed by the Governor.
- July 15 2016We support renewable energy. We support the Commonwealth’s efforts to transition our economy to non-carbon fuel sources, utilizing a balanced approach that includes a variety of energy sources, energy efficiency, and new technologies to meet our Global Warming Solutions Acts goals. We support the jobs and economic activity created by the renewable energy industry.
- July 14 2016The eventful final stages of the FY 2017 budget process are nearly complete. Last week, Governor Baker signed the Conference Committee budget after vetoing $267.1 million in spending and striking or proposing amendments to 60 budget sections. The legislature has until the end of July to take up overrides of the Governor’s vetoes at which point the FY 2017 budget will be finalized.
- June 30 2016The FY 2017 Conference Committee report released yesterday reconciles the House and Senate budgets while assuming $750 million less in tax revenue than previous spending plans. This analysis outlines the Conference Committee plan for balancing the budget in light of reduced tax revenues and highlights areas of concern as we start the fiscal year.
- June 20 2016With just days left in the fiscal year, tax revenues currently stand at $310 million below benchmark for FY 2016. This shortfall creates major challenges for ending the current fiscal year in balance and calls into question the accuracy of the tax revenue projection used to build the FY 2017 spending plans put forward by the Governor, the House and Senate.
- June 16 2016
The Foundation focuses this report on the capital financing of transportation. More specifically, MTF takes a critical first look at the two most important questions facing the transportation capital spending plan: 1) how does the state decide which projects to fund? and 2) how well does the state manage the spending of those scarce dollars? With limited resources and a seemingly unending list of capital needs, these two questions determine where and how well the state can fix the transportation infrastructure.
- June 9 2016The Massachusetts Taxpayers Foundation is pleased to issue this report entitled: “The Commonwealth’s Capital Budget: A Primer” the purpose of which is to provide a guide on the process, how it differs from the operating budget and how capital revenues are spent. This primer is the first in a series of MTF reports dedicated to the Commonwealth’s capital spending.
- May 31 2016Late last week the Senate completed its FY 2017 budget process. During three days of debate, the Senate added $61.4 million in new spending and 181 new policy sections to the budget proposal submitted by the Senate Committee on Ways and Means (SWM). The next stop in the process is the appointment of a conference committee to resolve the differences.
- May 17 2016The Senate Ways and Means budget fares well when compared with the three fiscal criteria set out by the Foundation to analyze the FY 2017 budget. Sharing the fiscal approach adopted by the House and the Governor, this spending plan proposes restrained spending growth and no new revenue initiatives.