The Senate Committee on Ways and Means (SWM) released its fiscal year (FY) 2022 budget today totaling $47.19 billion. Senators now have a chance to offer amendments. The plan will be debated and amended by the full Senate in two weeks and then...

Earlier today, the House completed three days of budget debate to finalize their fiscal year (FY) 2022 budget. This Bulletin summarizes notable changes made to the House Ways and Means (HWM) proposal and looks ahead to key issues to watch when the...

Today, the House Committee on Ways and Means (HWM) released its $47.6 billion spending plan for fiscal year (FY) 2022. House members will file amendments to the budget in the coming days, with debate scheduled for the week of April 26th. This...

The American Rescue Plan Act of 2021, which became law when President Biden signed H.R. 1319 on March 11, will provide approximately $350 billion to state and local governments to mitigate the economic impact of the pandemic. Section 602(c)...

The House Ways and Means (HWM) committee will release its FY 2022 budget proposal the week of April 12th and much has changed in the ten weeks since the release of Governor Baker’s spending plan. The combination of action at the federal level,...

This bulletin provides an initial summary of key provisions of the American Rescue Plan (ARP) that are likely to impact Massachusetts, its residents and employers.  The ARP is an expansive $1.9 trillion relief that covers an enormous spectrum of...

The Baker Administration has released its budget proposal (House 1) for FY 2022, just over 6 weeks after signing the FY 2021 General Appropriations Act. This bulletin provides an overview of notable spending, revenue and policy elements of the ...

MTF expects tax revenues to increase by $1.54 billion to $29.73 billion in FY 2022, a $1.54 billion or 5.5 percent increase from the most recent FY 2021 projection of $28.19 billion. The Massachusetts Taxpayers Foundation FY 2022 forecast is $1.68...

The Legislature passed its FY 2021 budget on December 5, hoping to avoid the need for an another interim budget and just days before the FY 2022 consensus revenue hearing that kicks off the next budget process. The budget, now awaiting the...