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Massachusetts municipalities are doing more with less from the state as they continue to tighten their belts and rely more on local receipts to keep mounting debt obligations at bay, according to the Massachusetts Taxpayers Foundation’s (MTF) 46th...
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Today, the Secretary for Administration and Finance and the House and Senate Committees on Ways and Means announced a consensus tax revenue figure of $27.594 billion for FY 2019. As part of the agreement, the FY 2018 tax estimate has been upgraded by...
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The average single family homeowner in 10 of the state’s most economically vulnerable cities would need to pay an astonishing $13,685 today or absorb a crippling 20 percent property tax hike over the next 30 years to subsidize billions in unfunded...
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Today, the Executive Office of Administration & Finance (ANF) and the House and Senate Committees on Ways and Means announced that the FY 2017 state budget will be built on $26.860 billion in tax revenues. This consensus figure, which assumes 4.3...
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After two consecutive fiscal years of above-trend tax growth and manageable spending increases, an initial analysis of the state’s finances suggests policymakers will face tough choices as they begin budget development for state fiscal year 2021. A...
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In our zeal to “reform’’ the Probation Department, let’s not shackle the agency with a system that will ensure mediocrity into the indefinite future.
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The Massachusetts Taxpayers Foundation supports the pension reform proposals advanced today by Governor Patrick with Senate President Murray, House Speaker DeLeo and Treasurer-elect Grossman. Unlike the 2009 and 2010 legislation which simply closed...
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Tax revenues will grow by $1.1 billion, or 4.5 percent, to $25.5 billion in fiscal 2016, continuing the trend of modest growth yet still below that of previous economic recoveries, according to a new forecast released today by the Massachusetts...
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At the Foundation, we are looking at the TCJA through two primary lenses: the likely impact of the federal changes on state revenues; and the impacts on subgroups of taxpayers in Massachusetts– both individuals and corporations – that may warrant...