With just days left in the fiscal year, tax revenues currently stand at $310 million below benchmark for FY 2016. This shortfall creates major challenges for ending the current fiscal year in balance and calls into question the accuracy of the tax...

The Massachusetts Taxpayer’s Foundation received a grant to create a report that will quantify the negative economic impact of the opioid epidemic on the Massachusetts economy. The report will produce needed information on the cost of the epidemic to...

We are a diverse group of organizations with business constituencies, united by the once-in-a generation opportunity to modernize and decarbonize our transportation system. We are writing to you for two reasons. First, we strongly support the work of...

For the second straight year, budget conferees are working to finalize a budget for July 1st while grappling with how best to adjust the fundamental tax revenue assumption used to balance the budget. This brief examines the challenges budget...

As you know, tax revenue collections through May 2019 exceeded expectations by $952 million. If this strength continues through June, budgeted tax revenue will grow nearly seven percent over the strong fiscal 2018 collections. ...

MTF offers its support of Senate Bill 1002: An Act to Enhance Employment Opportunities filed by Senator Michael Rodrigues as a way to improve our economic climate without further exacerbating the budgetary challenges, such as removing Regulatory or...

Four months after the T’s collapse this past February, the state has reached a pivotal moment in which the Legislature must make crucial decisions on the future of the state’s key public transit system. If lawmakers adopt a bill with only incremental...

This is the most sweeping such tax in the nation. It strikes at the heart of the state’s innovation economy and will stifle job creation for years to come. ...

Fiscal year (FY) 2019 begins on July 1st and budget conferees in both the House and Senate are working to complete their compromise budget in time for the start of the year. This brief outlines several of the issues that are being negotiated and...

The Commonwealth of Massachusetts may be on track to end fiscal year 2019 with a surplus of approximately $522 million according to a new analysis. MTF outlined a framework for handling any fiscal 2019 surplus, including (1) Add to the state’s “rainy...