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Driving the news: The report from the Massachusetts Taxpayers Foundation found that a long-term decline in births and an aging population is also shrinking the Massachusetts workforce.
Plus, remote workers don't want to live in such a high-cost...
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The Massachusetts Taxpayers Foundation found that more than 110,900 people left the state between April 2020 and July 2022. And some of the trends pushing residents out of Massachusetts might sound all too familiar to those still here.
“We’re...
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Massachusetts had the lowest rental vacancy rate in the U.S. in 2022 and the second-highest median rents, Boston features the second-highest traffic delay times in the nation, and the state recently posted its highest outmigration numbers in 30 years...
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But I like its latest report — a package of charts — because it highlights the full range of challenges facing the state. Here are some of the data points I found noteworthy.
On housing costs:
Massachusetts had the lowest apartment vacancy...
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Who’s LeavingU.S. Census: Suffolk and Middlesex residents, the two most expensive countiesIRS: Tax filers aged 26 to 35 dominate outflow; impairs talent pipelineWhy They’re LeavingCost and quality of living worsening; housing prices climb even faster...
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The Fiscal Year (FY) 2024 budget process reached another milestone today with the release of the Senate Committee on Ways and Means (SWM) budget proposal. The $55.9 billion SWM spending plan differs from earlier proposals as it was not released in...
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Doug Howgate, president of the Massachusetts Taxpayers Foundation, said while April's revenue numbers are "jarring" they’re "not necessarily surprising given the recognition that capital gains and other collection types were likely to decline sharply...
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That includes a drop in capital gains collections this year after they were “just through the roof” over the past two years and the likelihood that pass-through-entities would claim credits owed to them by the state, which in turn lowered how much...
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Doug Howgate, president of the Massachusetts Taxpayers Foundation, a business-backed budget watchdog, said that while jarring, the numbers aren’t surprising given that some pots of revenue were never going to sustain the peaks of years past. “Today’s...