Stabilization Fund Dip During Recovery Puts State at Risk
Troubling state budgetary practices have left the Commonwealth’s Stabilization Fund balance insufficient to meet the next fiscal downturn and immediate action is needed to increase and safeguard the...
View ArticleMTF Forecast: Slower Growth in Tax Revenues in FY 2017
Tax revenues will grow by $980 million, or 3.8 percent, to $26.69 billion in fiscal 2017, slower than the 4.6 percent annual average over the past five years and below that of previous economic...
View ArticleGovernor Baker's FY 2016 9C Reductions
On January 8th, Governor Baker announced $105 million in budget cuts and new revenues to partially address an midyear budget gap.
View ArticleFY 2017 Tax Revenue Agreement Reached
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...
View ArticleMTF’s Initial Analysis of the Governor’s Budget
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...
View ArticleCapital Gains Revenue in Massachusetts
Last fall, the Massachusetts Taxpayers Foundation released a Stabilization Fund report that drew attention to the risks the state runs by failing to rebuild “rainy day” reserves during times of...
View ArticleHealth Care in Governor Baker’s FY 2017 Budget Proposal
MassHealth, the state’s Medicaid program, makes up 39 percent of spending in Governor Baker’s FY 2017 budget proposal – by far the single largest area of spending. This brief examines MassHealth...
View ArticleFY 2017 House Ways and Means Budget Preview
The House Committee on Ways and Means (HWM) is expected to release its budget on Wednesday, April 13th. This brief poses three important questions to consider when assessing how this proposal would...
View ArticleMTF’s Analysis of the FY 2017 House Ways & Means Budget
When measured against three key metrics of a fiscally responsible spending plan, the House Ways and Means (HWM) budget get good grades. Similar to the Governor’s budget in several key respects, the HWM...
View ArticleMTF’s Preliminary Analysis of the House Debate
This week, the House completed its debate of the FY 2017 budget. Over the course of three days, the House added $59.5 million in new budget spending and 91 new policy sections to the budget plan...
View ArticleFY 2016 Budget Update
This bulletin assesses the impact that recent tax collections may have on the state’s ability to end the year in balance and highlights some possible implications for FY 2017.
View ArticleFY 2017 Senate Ways and Means Budget Review
The Foundation offers a preview of issues to watch in the Senate Ways and Means FY 2017 budget.
View ArticleMTF’s Analysis of the Senate Ways and Means Budget
The Senate Ways and Means budget fares well when compared with the three fiscal criteria set out by the Foundation to analyze the FY 2017 budget. Sharing the fiscal approach adopted by the House and...
View ArticleMTF’s Preliminary Analysis of the Senate Debate
Late last week the Senate completed its FY 2017 budget process. During three days of debate, the Senate added $61.4 million in new spending and 181 new policy sections to the budget proposal submitted...
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