Massachusetts Taxpayers Foundation President Eileen McAnneny today reacted to the preliminary tax revenue totals announced yesterday by the Massachusetts Department of Revenue, which fell short of the year-to-date tax benchmarks by $403 million.

Tax revenues will increase by approximately $680 million, or 2.4 percent, to $29.47 billion in fiscal 2020 according to a new forecast released today by the Massachusetts Taxpayers Foundation at the state’s annual consensus revenue hearing.

Today Governor Baker signed a $41.8 billion budget. The Governor exercised his veto powers by eliminating $48.9 million in spending while proposing amendments to 19 of the 110 policy sections included in the conference budget.

Today, the House and Senate released the fiscal (FY) 2019 budget conference report, which will now go to Governor Baker for his review. The $41.88 billion budget reconciles the House and Senate spending plans eighteen days after the start of the new fiscal year. The conference budget is most…

Fiscal year (FY) 2019 begins on July 1st and budget conferees in both the House and Senate are working to complete their compromise budget in time for the start of the year. This brief outlines several of the issues that are being negotiated and examines challenges that complicate resolution.

The Senate Ways and Means Committee (SWM) released its $45.95 billion budget proposal for fiscal year (FY) 2019 today. This brief provides an overview of the major policy and spending provisions proposed by SWM and compares it with the FY 2019 plans put forward by the Administration and the House.…

The Senate Committee on Ways and Means will release its budget recommendations this week. To preview some of the most important issues that budget will address, MTF is revisiting ten key budget and policy questions that will impact the FY 2019 budget.

This week, the House deliberated on its fiscal year (FY) 2019 budget, taking four days to consider and dispose of 1,400 amendments. Upon completion, the House adopted more than 500 amendments, in whole or in part, which added $79.6 million in additional spending and 67 policy sections to the HWM…