On December 4th, 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...

Tax revenues for Fiscal Year (FY) 2024 and FY 2025 settle into a post-COVID pattern of lower growth as the economy slows, impacts from migration and an aging population emerge (Appendix A), and tax reforms take effect. Excluding revenues related to...

Workforce Changes Since 2019:The civilian labor force fell by ~130,000;120,000 residents turned 65150,000 left the workforce due to retirementIn sum - in September 2023, there were 150,000 more job openings than unemployed people in the...

Massachusetts is experiencing a dual workforce challenge – a shrinking labor force and a lack of diversity in key sectors. Increased mobility due to the availability of remote work, high costs, and troubling demographic trends create challenges for...

Governor Healey filed her administration’s FY 2023 closeout supplemental budget on September 13th, and versions of the spending bill were passed by the House and Senate on November 8th and 14th, respectively. While the House and Senate bills largely...

The following brief provides an analysis of state workforce investments in the FY 2019 to FY 2023 budgets focusing on sector-based training programs. As MTF noted in our earlier introductory brief, these programs prioritize creating talent pipelines...

On November 9th, Senate Bill 2499, An Act relative to pharmaceutical access, costs, and transparency was polled out of the Senate Committee on Ways and Means (SWM). Senators will have until 5pm on November 13th to file amendments to the bill, and it...

On October 19th, the Healey administration announced its plan to pursue the federal funding opportunities available through the Infrastructure Investments and Jobs Act (IIJA), Inflation Reduction Act (IRA), and Creating Helpful Incentives to Produce...

The Fiscal Year (FY) 2024 budget was signed into law on August 9th, but four months into the new fiscal year, work remains for administrative and legislative budget writers to close the books on FY 2023. This work – typically marked by the passage of...

House and Senate conferees have released a compromise tax bill that includes an impactful combination of tax cuts to help people and employers in Massachusetts. The $951 million package includes a total of 17 different tax relief provisions, each of...