State revenues including surtax collections need to increase 5.7 percent over the fiscal 2023 total to hit the fiscal 2024 benchmark, according to Doug Howgate, president of the Massachusetts Taxpayers Foundation. Five months in, the growth so far...

That’s actually a conservative number. According to revenue forecasts prepared by the nonpartisan Massachusetts Taxpayers Foundation, when excluding the surtax takings, the state will end the fiscal year close to $880 million shy of its own revenue...

Tax revenues for Fiscal Year (FY) 2024 and FY 2025 settle into a post-COVID pattern of lower growth as the economy slows, impacts from migration and an aging population emerge (Appendix A), and tax reforms take effect. Excluding revenues related to...

Workforce Changes Since 2019:The civilian labor force fell by ~130,000;120,000 residents turned 65150,000 left the workforce due to retirementIn sum - in September 2023, there were 150,000 more job openings than unemployed people in the...

Governor Healey filed her administration’s FY 2023 closeout supplemental budget on September 13th, and versions of the spending bill were passed by the House and Senate on November 8th and 14th, respectively. While the House and Senate bills largely...

Massachusetts is experiencing a dual workforce challenge – a shrinking labor force and a lack of diversity in key sectors. Increased mobility due to the availability of remote work, high costs, and troubling demographic trends create challenges for...

The following brief provides an analysis of state workforce investments in the FY 2019 to FY 2023 budgets focusing on sector-based training programs. As MTF noted in our earlier introductory brief, these programs prioritize creating talent pipelines...

Already, for seven of the past nine years, Massachusetts has trailed the U.S. in private sector job growth, according to a 2022 report by the Massachusetts Taxpayers Foundation. Reasons include not only the cost of housing, which the Healey...

On November 9th, Senate Bill 2499, An Act relative to pharmaceutical access, costs, and transparency was polled out of the Senate Committee on Ways and Means (SWM). Senators will have until 5pm on November 13th to file amendments to the bill, and it...

On October 19th, the Healey administration announced its plan to pursue the federal funding opportunities available through the Infrastructure Investments and Jobs Act (IIJA), Inflation Reduction Act (IRA), and Creating Helpful Incentives to Produce...