On behalf of the Massachusetts Taxpayers Foundation, I write to express my support for An Act to Improve Massachusetts Competitiveness and Reduce the Cost of Living. The package proposed by Governor Baker is fiscally responsible and positions the Commonwealth for future growth while targeting those…

Please join us for our first virtual policy call of the New Year! Doug Howgate will provide a timely and comprehensive presentation on Governor Baker’s Fiscal Year 2023 budget proposal and answer any questions you may have with respect to it.  You’ll also receive a brief preview of the fiscal…

Governor Baker’s Budget – Five Things to Know Among the many elements in Governor Baker’s budget, several proposals and assumptions stand out as being particularly notable.  Each of these items will play a significant role in the budget process in the months ahead.   The Governor’s…

Budget leaders from the House, Senate, and Administration have agreed on $36.9 billion as the consensus tax revenue figure for the fiscal year 2023 budget. Budget makers expect tax revenues to grow by $967 million (2.7 percent) over estimated FY 2022 collections of $35.95 billion. FY 2022 tax…

On behalf of the Massachusetts Taxpayers Foundation, I write to express my support for House Bill 2881: An Act Relative to the Massachusetts Estate Tax Code. Massachusetts Taxpayers Foundation is a non-partisan, nationally recognized, non-profit public policy research organization focusing on the…

According to an analysis by the Massachusetts Taxpayers Foundation, much of the spending will be for healthcare at $946 million, housing at $624 million, infrastructure at $414 million, education at $389 million and economic development at $267 million. An additional $500 million was pumped into…

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, noted that the risk of losing the state’s aging population to other states like Florida and New Hampshire has created a ripple effect on the state’s other revenues, including capital gains taxes, interest, dividends, and sales…

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, noted that the risk of losing the state's aging population to other states like Florida and New Hampshire already has a ripple effect on the state's other revenues, including capital gains taxes, interest, dividends, sales tax…

The Massachusetts Taxpayers Foundation has long argued that an aging, retiring workforce will cause challenges in Massachusetts. Goodman said COVID has sped up that challenge. While in past recessions, older adults often delayed retiring for financial reasons, this time, many older adults are…

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, predicted state revenue growth will remain “robust” in fiscal year 2022 at $37.2 billion, or about $3.1 billion higher than the previous fiscal year. “This growth of 9% is fueled by employment bouncing back, wage increases,…