Budget leaders from the House, Senate, and Administration have agreed on $36.9 billion as the consensus tax revenue figure for the fiscal year 2023 budget. Budget makers expect tax revenues to grow by $967 million (2.7 percent) over estimated FY 2022...

On behalf of the Massachusetts Taxpayers Foundation, I write to express my support for House Bill 2881: An Act Relative to the Massachusetts Estate Tax Code. Massachusetts Taxpayers Foundation is a non-partisan, nationally recognized, non-profit...

To truly advance its equity goals, Massachusetts must take a leadership role in collecting and analyzing racial and ethnic health disparities, a new Massachusetts Taxpayers Foundation report suggests. The report underlines how Massachusetts must...

Massachusetts experienced a startling $4.5 billion surge in tax revenues in FY 2021 representing 15 percent growth in the midst of the pandemic. MTF projects that FY 2022 revenue growth will remain strong, reaching $37.2 billion or $2.9 billion above...

Over the last two years, the federal government has spent trillions of dollars to combat the COVID-19 pandemic and spur an equitable economic recovery. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), Coronavirus Response and...

Today, the House and Senate passed a $4 billion spending bill which uses the remaining fiscal year 2021 surplus and up to $2.55 billion in Fiscal Recovery Funds provided through the American Rescue Plan.  The compromise legislation increases...

Last week, the Senate passed a $3.8 billion recovery plan that uses a combination of Fiscal Recovery Funds (FRF) and fiscal year 2021 (FY) surplus revenues. In one day of debate, the Senate adopted 388 amendments which added $154.4 million in...

The ongoing legislative process for ARPA legislation continued today with the release of a $3.7 billion spending plan from the Senate Committee on Ways and Means (SWM).  As with the House plan finalized last week, the SWM proposal mixes federal...

Last week, the House engrossed a $3.8 billion pandemic recovery spending plan that combines federal Fiscal Recovery Funds (FRF) and the state’s fiscal year (FY) 2021 surplus.  Over two days of debate, House members added $173.6 million in...

Earlier today, the House Committee on Ways & Means (HWM) released their plan to spend $3.65 billion in federal Fiscal Recovery Funds (FRF) and fiscal year (FY) 2021 surplus dollars on a variety of programs and policies intended to spur the...