Displaying 1–10 of 482
Jul 29, 2022
PUBLIC FINANCE > Budget > FY 2022
Two straight years of surging tax collections have put in focus M.G.L.c. 62F, a little known state law that establishes a limit on allowable tax revenues. This brief summarizes the law and assesses what it could mean for fiscal year 2022 and beyond. ...
PUBLIC FINANCE > Budget > FY 2022
Jul 28, 2022
PUBLIC FINANCE > Budget > FY 2023
On July 28th, Governor Baker signed the FY 2023 budget. In doing so, the Governor essentially agreed with the legislative spending plan, vetoing just $475,000, however, he also proposed a number of changes to the policy provisions in the budget,...
PUBLIC FINANCE > Budget > FY 2023
Jul 26, 2022
ECONOMY
Legislative leaders have less than a week to reconcile the House and Senate’s differing $5 billion omnibus spending, tax and policy bills. This Bulletin identifies key fiscal and policy provisions to be negotiated by the Conference Committee tasked...
ECONOMY
Jul 25, 2022
PUBLIC FINANCE > Budget > FY 2022
The Senate engrossed a $5.1 billion spending, economic development, and tax relief package last week, increasing the fiscal impact of the bill by $271.3 million during floor debate.  This Brief summarizes the new spending, tax, and policy...
PUBLIC FINANCE > Budget > FY 2022
Jul 19, 2022
PUBLIC FINANCE > Budget > FY 2022
Just days after the House concluded its debate, the Senate Committee on Ways and Means (SWM) released its version of a $4.8 billion proposal that makes direct appropriations, authorizes capital spending, proposes tax relief and includes economic...
PUBLIC FINANCE > Budget > FY 2022
Jul 18, 2022
PUBLIC FINANCE > Budget > FY 2022
The House engrossed a $4.8 billion spending, economic development, and tax relief package last week increasing the fiscal impact of the bill by $499.2 million after two days of debate.  This Brief summarizes the new spending, tax, and policy...
PUBLIC FINANCE > Budget > FY 2022
Jul 18, 2022
PUBLIC FINANCE > Budget > FY 2023
The House and Senate have enacted a $59.6 billion fiscal year (FY) 2023 budget, which includes all major spending proposals in either budget as well as several new large investments in areas like early education, K-12, and transportation. The...
PUBLIC FINANCE > Budget > FY 2023
Jul 11, 2022
PUBLIC FINANCE > Budget > FY 2022
Less than three weeks before the end of formal session, House Ways and Means has released a $4.3 billion bill that makes direct appropriations, authorizes capital spending and proposes tax relief. This massive bill includes $2.55 billion in immediate...
PUBLIC FINANCE > Budget > FY 2022
Jul 06, 2022
PUBLIC FINANCE > Budget > FY 2022
Fiscal year 2023 began on July 1st, but policymakers have yet to close the books on FY 2022 which requires disposing of a significant budget surplus. This Brief provides an estimate of the surplus and examines how it fits in to the larger fiscal...
PUBLIC FINANCE > Budget > FY 2022
Jun 27, 2022
PUBLIC FINANCE > Budget > FY 2023
Budget conferees are negotiating spending, revenue and policy differences between the House and Senate proposals in order to present a final budget to Governor Baker for the start of fiscal year 2023. For the second straight year, conferees must also...
PUBLIC FINANCE > Budget > FY 2023