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...

A preview of the close of the fiscal year 2026 and what that process will mean for FY 2027 and the FY 2028 budget development process. You can register for the Briefing here....

Policy conversation with Joe Masciangioli, General Counsel and Senior Policy Advisor for House Speaker Ron Mariano. You can register for the event 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...

Massachusetts faces a huge question mark about how to fund the future of transportation in the commonwealth. And we need a plan.A new report from the Massachusetts Taxpayers Foundation described the challenge as “near insurmountable” given the...

“Given that the MBTA lacks sufficient resources to even manage the previous $10 billion SGR Index, let alone the projects in the unconstrained 10-year spending framework, an additional $2 billion in capital needs puts the capital gap at near...