Displaying 51–60 of 552
Mar 17, 2023
PUBLIC FINANCE > Budget > FY 2024
Since December of 2021, the state has appropriated close to $8 billion in combined federal Fiscal Recovery Funds (FRF) and Fiscal Year (FY) 2021 and 2022 surplus resources to support a range of COVID recovery and economic development initiatives....
PUBLIC FINANCE > Budget > FY 2024
Mar 01, 2023
PUBLIC FINANCE > Budget > FY 2024
The Healey-Driscoll administration has released its inaugural budget, 8 weeks after being sworn into office. The $54.8 billion spending plan builds in ongoing tax relief, while making major new investments in several critical areas, and continues to...
PUBLIC FINANCE > Budget > FY 2024
Feb 27, 2023
PUBLIC FINANCE > Taxes
Today, Governor Healey announced the details of a tax relief proposal that she plans to file in conjunction with her Fiscal Year (FY) 2024 budget proposal on March 1st. The tax package, which has an FY 2024 budget impact of $742 million and an...
PUBLIC FINANCE > Taxes
Feb 16, 2023
PUBLIC FINANCE > Taxes > Income Tax
Tax policy is at the forefront of the legislative and fiscal agenda in 2023 as the state implements the income surtax, reassesses a tax package that garnered bipartisan support last year, and welcomes a new gubernatorial administration that has made...
PUBLIC FINANCE > Taxes > Income Tax
Feb 13, 2023
MTF is publishing eleven policy previews on these and other topics to help policymakers and the public begin the session with a clear understanding of where issues stand and the policy questions that must be addressed in the months ahead.  Each...
Feb 02, 2023
PUBLIC FINANCE > Budget > FY 2023
Governor Healey’s Capital Authorization Bills On Thursday, January 19th, Governor Maura Healey filed the first capital bond bills of her Administration, totaling $1.4 billion. The first bill focuses on what the Administration identifies as the ...
PUBLIC FINANCE > Budget > FY 2023
Feb 02, 2023
PUBLIC FINANCE > Taxes > Income Tax
Chapter 62F of the Massachusetts General Laws establishes a limit on annual state tax revenue collections. The law, passed by an initiative petition in 1986, created a process by which actual tax collections are compared to an allowable tax revenue...
PUBLIC FINANCE > Taxes > Income Tax
Jan 30, 2023
PUBLIC FINANCE > Budget > FY 2024
Budget leaders from the House, Senate, and Administration have agreed on a $40.410 billion consensus tax revenue figure for the fiscal year 2024 budget. Budget makers expect tax revenues to grow by $642 million (1.6 percent) over estimated FY 2023...
PUBLIC FINANCE > Budget > FY 2024
Jan 26, 2023
PUBLIC FINANCE > Taxes > Income Tax
The state’s 4 percent surtax on income over $1 million is now in effect.  The new tax raises critical policy questions related to its effect on long-term economic growth and its impact on other areas of the tax code.  At the same time, the...
PUBLIC FINANCE > Taxes > Income Tax
Jan 24, 2023
PUBLIC FINANCE > Budget > FY 2024
Following a startling $11.5 billion surge in FY 2021 and FY 2022, tax revenues for this year and next settle into a lower and slower growth pattern as global risks escalate. MTF projects that FY 2023 revenues will top the $39.62 billion benchmark by ...
PUBLIC FINANCE > Budget > FY 2024