Displaying 1–8 of 8
Jul 20, 2021
PUBLIC FINANCE > Budget > FY 2022
On July 16th, Governor Baker signed the FY 2022 budget while making modest changes to the Legislature’s final spending plan. The Governor struck $7.85 million of the $48.1 billion budget, vetoed two sections and returned 25 sections with amendment....
PUBLIC FINANCE > Budget > FY 2022
Jul 09, 2021
PUBLIC FINANCE > Budget > FY 2022
The House and Senate have enacted a $48.1 billion fiscal year (FY) 2022 budget, about a week after the start of the new fiscal year. The budget now moves to the Governor’s desk, where he has ten days to sign the budget and return vetoes and...
PUBLIC FINANCE > Budget > FY 2022
Dec 07, 2020
PUBLIC FINANCE > Budget > FY 2021
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...
PUBLIC FINANCE > Budget > FY 2021
Nov 23, 2020
PUBLIC FINANCE > Budget > FY 2021
Quickly following the House’s actions, the Senate passed its budget late Wednesday, November 17. The Senate was able to expeditiously conclude its budget debate in two days, in part by adopting four bundled amendments that added $35 million in...
PUBLIC FINANCE > Budget > FY 2021
Nov 13, 2020
PUBLIC FINANCE > Budget > FY 2021
This week the House debated and passed its budget, four and a half months after the beginning of the fiscal year. With four consolidated amendments adding $24.53 million to spending, the budget, totaling $46.06 billion, is approximately $285 million...
PUBLIC FINANCE > Budget > FY 2021
Nov 10, 2020
PUBLIC FINANCE > Taxes > Sales Tax
As Massachusetts lawmakers look for ways to close a $3.6 billion tax revenue gap in the FY21 operating budget, there is a simple idea that could help the state receive sales tax payments more quickly and provide about $267 million of additional...
PUBLIC FINANCE > Taxes > Sales Tax
Oct 14, 2020
PUBLIC FINANCE > Budget > FY 2021
Following months of economic uncertainty and temporary budgets to keep the state operating, Administration and Finance (ANF) provided the Legislature with its revenue and spending proposals for their review and consideration.  Notably, the...
PUBLIC FINANCE > Budget > FY 2021
Jun 30, 2020
PUBLIC FINANCE > Budget > FY 2021
On June 19, Governor Baker filed H. 4806, a one month, $5.25 billion spending authorization to keep the government operational through July 31 that the legislature has since enacted. In this interim budget, the guidance indicates that for each...
PUBLIC FINANCE > Budget > FY 2021