The tax revenue upgrade allowed budget writers to eliminate the proposed use of one-time revenues, including a plan to tap the state's "rainy day'' or stabilization fund to balance the budget. Despite the surge in tax revenues, the budget doesn't add...

The House and Senate have enacted a $48.1 billion fiscal year (FY) 2022 budget, about a week after the start of the new fiscal year. The budget now moves to the Governor’s desk, where he has ten days to sign the budget and return vetoes and...

On behalf of the Massachusetts Business Coalition on Skills (MBCS), we are writing in support of H.666 / S.348 and H.652 / S.357 because they increase access to career/vocational technical education (CVTE) in Massachusetts. The MBCS – a coalition of...

The Massachusetts Taxpayers Foundation recommended last week that tax revenue estimates be upgraded by a minimum of $3.8 billion, and the big question is how negotiators will choose to allocate those unanticipated revenues. ...

Doug Howgate, executive vice president of the business-backed Massachusetts Taxpayers Foundation, said the magnitude of the federal response is unprecedented and requires the balancing of speed and strategy to create long-term benefits with one-time...

But this year the Bay State is expected to end the fiscal year with a tax revenue surplus of more than $3 million. The Massachusetts Taxpayers Foundation, a fiscal watchdog group, says the state has so far collected $3.95 billion more than it...

The Massachusetts Taxpayers Foundation, a business-backed research institute, predicted that the state would end the fiscal year in less than three days with a sizable surplus that would allow lawmakers to cover additional spending and deposit money...

Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation, said she wasn’t surprised that the Supreme Court decided to stay out of the case, especially since the Baker administration eventually set an end date for the...

The House and Senate, working with the Administration, need to adjust assumed FY 2022 tax collections and determine how that adjustment will impact the budget and the state’s fiscal health.  This bulletin examines likely tax upgrade scenarios...