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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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The Governor’s FY 2018 budget proposal (House 1) has been released and proposes $45.2 billion in spending. This Bulletin provides an overview of the major spending, revenue and policy components included therein.
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Today, Governor Baker released his FY 2017 budget recommendations. His House 2 proposal recommends $39.55 billion in line item spending, an increase of $1.22 billion (3.2%) over FY 2016 projected spending. Of this $1.22 billion increase, $739.3...
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The Foundation’s analysis of the Governor’s tax proposal shows that the elimination of the personal income tax exemptions and the additional corporate taxes account for most of the $1.9 billion in new revenues. The analysis also summarizes the 44...
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A combination of economic, political, and social/cultural factors tied to the end of American economic hegemony will permanently constrain the ability of state and local governments to fund programs and services.
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The Foundation released its 43rd annual report on municipal finances concluding that despite a modest rebound in revenues, municipalities find themselves in a long-term budget squeeze because the costs for pensions, employee and retiree health care,...
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On January 8th, Governor Baker announced $105 million in budget cuts and new revenues to partially address an midyear budget gap.
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The fiscal year (FY) 2019 budget process is officially underway, commencing last month with the annual Consensus Revenue Hearing. The testimony provided at the hearing touched on a number of issues – including slow revenue growth, insufficient...