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Jul 06, 2022
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Jul 06, 2022
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Fiscal year 2023 began on July 1st, but policymakers have yet to close the books on FY 2022 which requires disposing of a significant budget surplus. This Brief provides an estimate of the surplus and examines how it fits in to the larger fiscal picture.
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Jun 27, 2022
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Jun 27, 2022
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Budget conferees are negotiating spending, revenue and policy differences between the House and Senate proposals in order to present a final budget to Governor Baker for the start of fiscal year 2023. For the second straight year, conferees must also significantly revise the budget’s tax revenue…
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May 27, 2022
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May 27, 2022
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The Senate completed budget deliberations this week, finalizing a $49.9 billion budget after three days of deliberations. The Senate adopted 514 of the 1,178 amendments filed by individual Senators. The final Senate budget adds $93.3 million in spending and 104 new policy sections.
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May 15, 2022
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May 15, 2022
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Our organizations, representing thousands of employers and hundreds of thousands of employees in Massachusetts, write to urge you to adopt the tax changes included in H.4361, An Act to improve Massachusetts’ competitiveness and reduce the cost of living. The unique combination of tax adjustments…
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May 10, 2022
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May 10, 2022
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The Senate begins its budget process today, with the release of the Senate Ways and Means proposal. The SWM budget follows a similar script to the House, foregoing a tax relief proposal put forward by Governor Baker and including hundreds of millions in new investments. Like earlier proposals, the…
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May 10, 2022
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May 10, 2022
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The Massachusetts Taxpayers Foundation, a nonpartisan watchdog group, endorsed Baker’s plan, calling it the right move to keep the commonwealth competitive.
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May 04, 2022
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May 04, 2022
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Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said the increase in revenue is something she hasn’t seen in her lifetime. “It is incredible,” she said. McAnneny said inflation and labor shortages are pushing up wages and as they increase so do taxes on them. She said tax…
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May 03, 2022
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May 03, 2022
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The Massachusetts Taxpayers Foundation helpfully adds it all up: The bill includes 614 environmental, climate, and economic development earmarks, and guarantees every municipality in the state at least $250,000.
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Apr 28, 2022
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Apr 28, 2022
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The Massachusetts Taxpayers Foundation, Pioneer Institute and Greater Boston Chamber of Commerce are among those who have signed onto the lawsuit.
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Apr 28, 2022
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Apr 28, 2022
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The House wrapped up its budget deliberations this week, finalizing a $49.8 billion budget, after adding $129.6 million in spending through amendment over the course of 3 days of session.
The House acted on a record number of budget amendments this year, disposing of 1,522 riders through 7…
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