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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...
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Governor Baker has proposed a $45.9 billion budget for fiscal year (FY) 2019. This bulletin provides an overview of notable spending, revenue and policy proposals included in the document.
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In anticipation of the release of the Governor’s budget later this week, this briefing provides a status report on fiscal year 2016 and an overview of what we anticipate for fiscal year 2017.
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