March 01, 2023
PUBLIC FINANCE > Budget > FY 2024

Healey files a ‘unicorn’ of a state budget

Proposal cuts taxes, sets money aside, and boosts spending to record levels

Bruce Mohl ,

Commonwealth Magazine

Doug Howgate, president of the business-backed Massachusetts Taxpayers Foundation, said cutting taxes, boosting spending, and socking money away is an amazing trifecta that doesn’t come around very often and makes crafting a budget a lot easier.

“You don’t normally see that unicorn,” he said. “When you get 40 percent revenue growth over a two-year period and you pass the biggest tax increase in 20 years [the millionaire tax], it makes some of those decisions a little bit easier.”