The Healey administration’s first budget proposes important investments to improve the lives of our residents and diminish the racial and economic disparities that hold us back. It creates strong structures to implement the Fair Share Amendment that build in accountability and respect the will of the voters. The initial investments from the surtax are down payments on a better education and transportation future.

Fair Share-funded commitments – like expanded access to early education, free community college, fixing the MBTA, reducing climate emissions, and building rapid rail across the state – will require ongoing resources. These investments will make our Commonwealth more equitable, more affordable, and certainly more competitive.

Permanent tax cuts reduce our ability to make vital investments. Therefore, cuts must be well targeted and focused on our neighbors who need help most. Fortunately, the Governor’s proposed $600 Child and Family Tax Credit passes that test by supporting all families caring for kids or dependent adults, making Massachusetts a better place to live. On the other hand, the proposed permanent six-figure tax cuts for the wealthy fail this test. Tax cuts for the wealthy are not effective economic development policy, are inconsistent with voter’s intent in passing the Fair Share Amendment, and weaken our ability to achieve the dreams otherwise strived for by this budget.

MassBudget will update our Budget Browser in the coming days to include numbers from the Governor’s budget proposal for all spending items. The Browser allows the user to see the effect of anticipated inflation on each item. This is important because any spending item that does not keep up with inflation is effectively a cut in support.

Latest

Presentation – Transportation Funding: Context, Challenges & Progress

On June 24, 2024, Policy Director Phineas Baxandall joined Transportation for Massachusetts (T4MA)'s community conversation on transportation funding. Baxandall focused on how Fair Share spending ...
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K-12 Funding Analysis by District: Challenges of Recent Inflation Limiting Investments From the Student Opportunity Act

The 2019 Student Opportunity Act (SOA) intended to make state funding in K-12 schools more robust and equitable. The following analysis examines the SOA’s impact ...
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Pre-Conference Analysis: With Fair Share Revenue Surpassing Expectations, More Money Could Go to Education and Transportation in House and Senate Compromise

Going into this year's Conference Committee, one major story is that revenue collection from the Fair Share "millionaire's tax" is much higher than originally projected. ...
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