Publications

  • May 10 2018
    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 SWM budget will be debated by the full Senate the week of May 21st.
  • May 8 2018
    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.
  • April 27 2018

    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 budget for a total of $41.55 billion in line-item spending. This represents $158.5 million more than the Governor’s spending proposal.

  • April 11 2018

    The House Ways and Means Committee (HWM) has released its $45.96 billion budget for fiscal year (FY) 2019, its first under Chairman Sanchez. This bulletin provides an overview of this proposal, which will be debated by the full House during the week of April 23rd.

  • March 29 2018
    Two months ago, MTF identified ten key questions that will shape the FY 2019 budget. Now it is time to revisit those questions in the context of Governor Baker’s budget recommendations and the latest revenue and policy developments.
  • February 12 2018

    If the surtax passes, Massachusetts would have one of the highest tax rates in the nation on income over $1 million. And that may understate the upcoming shockwave to high-earners. Since SALT deductions are now capped at $10,000, the effective state income tax rate for individuals making more than $1 million would soar to 9 percent from 3 percent – a remarkable 300 percent escalation. Given the state’s persistent out-migration issues absent a massive tax hike, the state is rapidly entering uncharted territory with no ability to mitigate the damage for years.

  • January 24 2018

    Governor Baker has proposed a $45.9 billion budget for fiscal year (FY) 2019. This bulletin provides an overview of notable spending, revenue and policy proposals included in the document.

  • January 23 2018
    At the Foundation, we are looking at the TCJA through two primary lenses: the likely impact of the federal changes on state revenues; and the impacts on subgroups of taxpayers in Massachusetts– both individuals and corporations – that may warrant state policy changes.
  • January 12 2018
    Today, the Secretary for Administration and Finance and the House and Senate Committees on Ways and Means announced a consensus tax revenue figure of $27.594 billion for FY 2019. As part of the agreement, the FY 2018 tax estimate has been upgraded by $157 million to $26.661 billion. Budget makers expect tax revenue to grow by $933 million (3.5 percent) as they put together the FY 2019 budget.