The House finalized its $54.9 billion Fiscal Year (FY) 2024 budget this week after adding $129.7 million in spending over the course of three days of debate. The House took action on 1,566 amendments through a combination of 7 consolidated amendments and 3 separate votes. Some form of at least 773…

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Members can register here, and non-members, please contact MTF Membership Director Debbie Carroll for more information! 

The next major step in the FY 2024 budget development process began today with the release of the House Committee on Ways and Mean’s (HWM) budget proposal. Coming just six weeks after Governor Healey filed her administration’s inaugural budget, the $54.8 billion HWM spending plan makes significant…

And if that move will generate a big backlash, you wouldn't know it from the reaction of the business-backed Massachusetts Taxpayers Foundation. "The most important thing is that as we collect more tax revenue than any reasonable person would have expected, we're giving back that tax revenue to…

Doug Howgate, president of the Massachusetts Taxpayers Foundation, said consideration of Healey’s tax proposal needed to account for more than the surtax alone. Between fiscal 2015 and 2022, Massachusetts tax revenue increased more than 60%, from $24.7 billion to $41.1 billion, which Howgate said…

Today, the House Committee on Ways and Means released their tax relief proposal. The plan includes 7 major provisions and carries a fiscal impact of $654 million in FY 2024. When fully-phased in after 3 years, the annualized cost of the proposal is $1.1 billion. Though significantly larger, the…

Doug Howgate, president of the Massachusetts Taxpayers Foundation, said regardless of the final plan there is a sense of urgency for Beacon Hill to move ahead on a tax-relief package, with census data showing the Bay State has lost more than 110,000 residents to other states in the past three years…

In a written statement, Massachusetts Taxpayers Foundation President Doug Howgate said, “The commonwealth lost 110,000 residents to other states over the last three years. Sensible and sustainable changes to the tax code, like those reflected in the proposals put forward by the governor and now the…