On January 24th, Governor Healey released her administration’s budget proposal for Fiscal Year (FY) 2025. The $58.13 billion spending plan included critical investments in childcare, healthcare, and transportation; as well as $20.3 billion in gross...

Governor Baker’s Budget – Five Things to Know Among the many elements in Governor Baker’s budget, several proposals and assumptions stand out as being particularly notable.  Each of these items will play a significant role in the budget...

Experts who testified suggested there may be room for both approaches. Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, suggested, similar to Baker, that lawmakers use some money now to ramp up existing programs and jumpstart the...

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said the state needs to spend some relief funds to maintain its economic recovery but it should also squirrel away money for "unforeseen circumstances."

"We have until 2026 to actually spend it and we should take the time necessary to develop a forward-looking, comprehensive plan that considers other resources available and how best to leverage them for the maximum impact,” Eileen McAnneny of the...

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....

"Achieving a balance well in excess of $5 billion is a critical goal for the Commonwealth as we build our economic recovery and prepare for future challenges," the Massachusetts Taxpayers Foundation wrote in a report about the budget redraft.

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...

The tax revenue upgrade allowed budget writers to eliminate the proposed use of one-time revenues, including a plan to tap the state's "rainy day'' or stabilization fund to balance the budget. Despite the surge in tax revenues, the budget doesn't add...

The Massachusetts Taxpayers Foundation recommended last week that tax revenue estimates be upgraded by a minimum of $3.8 billion, and the big question is how negotiators will choose to allocate those unanticipated revenues.