Today, the House Ways and Means Committee (HWM) released a $45.05 billion budget proposal for fiscal year (FY) 2018. This brief provides initial analysis of major spending and policy provisions in the budget plan.

The House Ways and Means Committee (HWM) will release its spending plan for Fiscal Year (FY) 2018 next week. The bill will reflect the House’s spending and policy priorities, which could closely mirror or significantly differ from Governor Baker’s...

Last week, the legislature enacted a fiscal year (FY) 2017 supplemental budget to address $144.4M in costs unaccounted for in the original budget. With this spending bill completed, MTF takes stock of the state’s fiscal position as we head into the...

As health care costs continue to consume more of the state budget each year, Governor Baker's most recent budget proposal includes several bold policy provisions to curb this trend. This brief summarizes the Administration’s proposal, and highlights...

The Governor’s FY 2018 budget proposal (House 1) has been released and proposes $45.2 billion in spending. This Bulletin provides an overview of the major spending, revenue and policy components included therein.

The Secretary for Administration and Finance and the Chairs of House and Senate Ways and Means Committees have agreed to assume $27.072 billion in tax revenue in FY 2018. This amount represents 3.9 percent growth over expected FY 2017 revenues. While...

The Consensus Revenue Hearing, held on December 5th, kicked off the FY 2018 budget development process. The testimony at the hearing highlighted a number of fiscal challenges that the state can expect in the near future. The Foundation is providing a...

Today, the Baker Administration announced $97.9 million in midyear budget (9C) cuts.1 These cuts come during a particularly challenging budget year in which revenues have been reduced by $800 million already. This brief provides background on the FY...

Eileen McAnneny, President of MTF, presented the Foundation’s economic and revenue forecast to members of the House and Senate Ways and Means Committees and the Secretary of Administration and Finance at their annual consensus revenue hearing at the...

Earlier in October, the Baker Administration identified an estimated midyear budget gap of $294 million. Today, Administration and Finance Secretary Lepore laid out the plan to close that gap and keep this year’s budget in balance. This brief...