Publications

  • March 11 2020

    This analysis describes the steps taken by the governor to balance the budget compared to MTF’s initial projection of an $880 million gap between revenue and spending in fiscal 2021. It also describes ten tough choices confronting legislators as they develop a budget for the upcoming fiscal year.

  • March 3 2020
    While MTF generally believes there are several infirmities with the current proposal to tax GILTI revenue, trying to use this revenue to finance transportation is especially ill-suited because the revenue is uncertain, will be difficult to collect in the short-term and is harder to leverage for capital financing than other transportation revenue sources that are more straightforward.
  • March 1 2020
  • January 23 2020

    Governor Charlie Baker published his budget recommendation for state fiscal year 2021 on January 22, 2020. The plan, also known as House 2 (H.2), is the sixth budget proposal developed by Gov. Baker and the second since his re-election in November 2018.

  • January 15 2020

    After two consecutive fiscal years of above-trend tax growth and manageable spending increases, an initial analysis of the state’s finances suggests policymakers will face tough choices as they begin budget development for state fiscal year 2021.

  • December 4 2019

    Tax revenues will increase by approximately $615 million, or 2.0 percent, to $31.06 billion in fiscal 20211 according to a new forecast released today by the Massachusetts Taxpayers Foundation at the state’s annual consensus revenue hearing. The Foundation estimates capital gains tax revenues of $1.64 billion.

  • November 7 2019
    We are a group of leaders across major sectors of the Commonwealth – business, industry, municipalities, and non-profits. Together, we call on us all – elected officials, leaders across sectors, residents – to act now to transform our transportation system into one we need and deserve.
  • October 31 2019
    Given the recent attention to the issue of whether Massachusetts should decouple from Internal Revenue Code Section 163(j), the Massachusetts Taxpayers Foundation (MTF) has assembled a brief primer on the issue explaining what the provision does, why it is necessary, likely impacts, and cost implications.
  • October 16 2019
    Though the Commonwealth’s fiscal year 2019 ended June 30th, decisionmakers must make several important choices before the final accounting of the state’s finances for the year can be completed. Most importantly, lawmakers will determine how to allocate the year-end budget surplus, which revised MTF calculations now estimate at approximately $870 million.