The overview will include major spending and policy proposals of Governor Healey's FY 2026 budget and how it compares to the FY 2025 budget.Register here to attend virtually

As the work of the 194th General Court gets underway, MTF is publishing its 2025 – 2026 Legislative Session Preview. The preview includes 101 primers on the Operating Budget and Capital Investment Plan development processes, as well as seven topic-specific policy briefs that cover a range of public…

Wrestling those amped-up spending appetites and underwhelming revenue trends back into alignment will remain a theme as lawmakers and the Healey administration embark on a 2025-26 session that also presents an array of opportunities and challenges around education, health care, transportation,…

On January 9th, budget leaders from the House, Senate, and Healey administration announced a $43.614 billion consensus tax revenue figure for Fiscal Year (FY) 2026, including $41.214 billion in non-surtax revenue and $2.4 billion related to the income surtax. Non-surtax revenues are expected to…

On December 2nd, the Massachusetts Taxpayers Foundation (MTF), along with the Department of Revenue (DOR) and other economic experts participated in the annual Consensus Revenue Hearing. The hearing offers administration and legislative budget leaders an opportunity to assess current revenue…

“We don’t know what’s going to happen,” Massachusetts Taxpayers Foundation President Doug Howgate said at the hearing.“There’s no need to kind of panic or take action for things that are unknown,” Howagate added. But he cautioned budget writers against planning for big spending growth next budget…

Fiscal Year (FY) 2025 and FY 2026 tax revenues are projected to rebound to positive growth, after non-surtax revenue declines in FY 2022 and FY 2023; but overarching questions about the global economy and federal policy changes cloud the state’s larger fiscal picture. The Massachusetts Taxpayers…

Join us for a presentation by MTF President Doug Howgate and Research Director Meaghan Callahan. The briefing will include an update on the FY 2024 closeout supplemental budget and the state of the budget balance, as well as a discussion of some of the significant factors that will continue to…

On September 11th, Governor Healey filed her administration’s closeout supplemental budget for Fiscal Year (FY) 2024; roughly two months after the official last day of the fiscal year. A closeout supplemental budget is filed and passed each year; its purpose being to resolve all outstanding…

On July 29th, Governor Healey signed the Fiscal Year (FY) 2025 budget; sending back $316.8 million in gross spending vetoes ($248 million net). Inclusive of the Governor’s cuts, line-item spending in the FY 2025 budget would total $57.78 billion, a $1.7 billion (3.1 percent) increase over the FY…