“It is good news that tax revenue collections exceeded the monthly estimates,” said McAnneny. “But caution remains the key word for the rest of the fiscal year because revenues remain below projections for the year.”

The Economies of Massachusetts Municipalities Grew by 4.2% in Fiscal Year 2018, the Highest Rate of Increase Since 2008.

Massachusetts Taxpayers Foundation President Eileen McAnneny today reacted to the preliminary tax revenue totals announced yesterday by the Massachusetts Department of Revenue, which fell short of the year-to-date tax benchmarks by $403 million.

Governor Baker released a spending plan that totals $47.5 billion which includes both pre-budget transfers and line-item appropriations for fiscal year (FY) 2020. The proposal is noteworthy for the inclusion of several policy initiatives along with...

The Commission’s work is grounded in what was learned through extensive reading of articles and reports, public input both written and from five Listening Sessions, expert presentations, and the knowledge, experience, and expertise of the Commission...

Tax revenues will increase by approximately $680 million, or 2.4 percent, to $29.47 billion in fiscal 2020 according to a new forecast released today by the Massachusetts Taxpayers Foundation at the state’s annual consensus revenue hearing.

The Massachusetts Taxpayer’s Foundation (MTF) believes that all segments of our society must rally together to reverse the trends and relieve the human suffering and economic burden of this expanding epidemic. One way to increase cohesion and focus...

Today Governor Baker signed a $41.8 billion budget. The Governor exercised his veto powers by eliminating $48.9 million in spending while proposing amendments to 19 of the 110 policy sections included in the conference budget.