Earlier today, the Healey-Driscoll administration released its Fiscal Year (FY) 2025 budget proposal. The $58.13 billion spending plan includes critical investments in childcare, education, and transportation; and $1.3 billion in spending supported...

On October 18th, the Healey administration unveiled a $4.1 billion housing bond bill, titled the Affordable Homes Act, which combined a new five-year capital funding plan with a variety of policy proposals intended to spur production and accelerate...

Earlier this week, the Healey administration announced a $1 billion tax revenue shortfall for FY 2024, downgrading the revenue benchmark from $40.41 billion to $39.41 billion. They also released a plan to solve the shortfall which includes...

On January 8th, budget leaders from the House, Senate, and Administration announced a $40.202 billion consensus tax revenue figure for the Fiscal Year (FY) 2025 budget, excluding surtax revenue. Budget writers expect tax revenues to grow by $792...

The Healey Administration announced a $1 billion revenue shortfall, attributable to below benchmark revenue collections to date.The FY 2024 revenue benchmark has been downgraded to $39.410 billion.After accounting for the shortfall and the impacts of...

Doug Howgate, the president of the Massachusetts Taxpayers Foundation, said the numbers suggest to him that it’s time for Gov. Maura Healey to revise downward the tax revenue forecast for this year by about $1 billion and begin to pare back spending...

It’s bad news no matter how you spin it. The Massachusetts Taxpayers Foundation, in a brief published in late December, called the situation “a sobering statement of how long and challenging the path to a well-functioning system is.”The MBTA says it...

Member Briefing, featuring a preview of the conference committee's 2027 budget plans and the Innovation and Capital supplemental budget. You can register here....

Chair Rodrigues will share his insights on the FY 2027 Budget. You can register here....

Three of the most-read stories from CommonWealth ... related to transportation, and the top story, about a Massachusetts Taxpayers Foundation study, focused on transportation and the fallout from COVID and remote work on the downtown Boston office...