On July 9th, the House passed H.5562, An Act Relative to Economic Development in the Commonwealth, a $561 million economic development bill with 260 outside policy sections. The bill is $256 million (84 percent) more than the Governor’s economic...

Today, the Senate Ways and Means (SWM) committee released its Fiscal Year (FY) 2027 budget proposal, a $63.29 billion spending plan. Their budget represents an increase of $2.25 billion (3.7 percent) over the FY 2026 General Appropriations Act (GAA)...

On January 14th, budget leaders from the House, Senate, and Healey administration announced a $44.9 billion consensus tax revenue figure for Fiscal Year (FY) 2027, including $42.2 billion in non-surtax revenue and $2.7 billion related to the income...

On December 16th, the Massachusetts Taxpayers Foundation (MTF), along with the Department of Revenue (DOR) and other economic experts participated in the annual Consensus Revenue Hearing. The hearing offers administration and legislative budget...

On April 9th, the House of Representatives passed House Bill 55, An Act making appropriations for the fiscal year 2025 to provide for supplementing certain existing appropriations and for certain other activities and projects. The $1.32 billion...

As we begin a new year and look towards a new Legislative Session, I am pleased to share the Massachusetts Taxpayers Foundation’s 2024 Annual Report. This brief report does not capture all that we accomplished over the last year, but we hope it...

5 Things to Know About the FY 2025 Senate Amendments1. Senate members filed 1,100 amendments, 51 more than in FY 2024 and 78 fewer than in FY 2023.2. The fiscal impact of all amendments is $2.9 billion.3. An estimated 58% (636) of the amendments are...

Today, the Senate Committee on Ways and Means (SWM) released its budget proposal for Fiscal Year (FY) 2025. The $57.99 billion spending plan includes notable investments in higher education, early education, and mental and behavioral health;...

The House finalized its $58.07 billion Fiscal Year (FY) 2025 budget last week after adding $95.8 million in spending over the course of three days of debate.The House took action on 1,495 amendments through a combination of 7 consolidated amendments...

Two weeks ago, the House Ways and Means Committee released its budget proposal for Fiscal Year (FY) 2025. While the budget development process for the upcoming fiscal year will consume much of the attention in the coming weeks, the FY 2024 fiscal...