September 07, 2023

Report: State needs to do more to maximize federal funds

Sam Drysdale ,

State House News Service / NBC Boston

The Massachusetts Taxpayers Foundation report estimates that Massachusetts could maximize how many federal dollars are sent to the Bay State through the Infrastructure Investment and Jobs Act (IIJA), Inflation Reduction Act (IRA) and Creating Helpful Incentives to Produce Semiconductors Act (CHIPS) by committing nearly $3 billion in state resources.

"While the state has signaled its commitment to identifying these resources through recent bond bills and direct appropriations, an estimated $800 million need remains to meet state match requirements for federal programs," a press release from MTF said. The organization said it anticipates a potential state match requirement of about $2.67 billion and has identified $1.87 billion in potential sources of state matching funds for federal grant programs.