Today, the Senate Ways and Means (SWM) committee released its Fiscal Year (FY) 2027 budget proposal, a $63.29 billion spending plan. Their budget represents an increase of $2.25 billion (3.7 percent) over the FY 2026 General Appropriations Act (GAA)...

The Massachusetts Taxpayers Foundation on Monday came out in opposition to a proposed income tax cut scheduled to go before voters in November, becoming the first major business group to take this stance.Thematically, Howgate said, all three ballot...

In November, Massachusetts residents will vote on as many as 11 initiative petitions that would make major changes to state law. Three of those questions relate directly to the Commonwealth’s economic and fiscal future:• Implementation of mandatory...

On April 29th, the House finalized its $63.41 billion Fiscal Year (FY) 2027 budget, after adding $82.9 million (gross) in spending and 21 outside policy sections to their spending plan over three days of debate.The House took action on 1,737...

The Massachusetts Taxpayers Foundation said there were 18 tax-related outside policy amendments filed to the budget, carrying a fiscal impact of more than $1.7 billion. But as they also worry about eroding federal supports, the real impact that House...

The Massachusetts Taxpayers Foundation estimates that the tax cut would result in a $5.4 billion annual revenue loss for the state. Doug Howgate, president of the foundation, told The Light that this is a static analysis, meaning the calculation does...

The House Committee on Ways and Means (HWM) released its Fiscal Year (FY) 2027 budget proposal earlier today; a spending plan that totals $63.33 billion. Their budget represents a $2.3 billion (3.7 percent) increase over the FY 2026 General...

Over the last three years, the Massachusetts Taxpayers Foundation has written extensively on the relationship between pandemic-induced changes in working patterns, diminished vibrancy in our downtowns, and the lack of accessible and affordable...

On March 30th, the Special Joint Committee on Initiative Petitions heard testimony on H.5006 An Act Relative to Limiting State Tax Collection Growth and Returning Surpluses to Taxpayers. MTF was asked to provide expert testimony on the proposal,...