Budget Monitor: The Fiscal Year 2011 House Budget
The most significant theme from the House budget debate is how little happened. Facing a budget gap of approximately $3 billion, it would have been irresponsible for the House to adopt significant spending amendments without offsetting revenue — and it did not. The House could have reduced the severity of budget cuts by adopting revenue measures, but it chose not to do so.
Budget Monitor: The House Ways & Means Fiscal Year 2011 Budget
The House Ways & Means (HWM) budget proposal relies primarily on budget cuts and federal assistance to address a budget gap of approximately $3 billion. The HWM proposal recommends over $1 billion in budget cuts and more than $1.5 billion in temporary revenue from the federal government, primarily stimulus funds from the American Recovery and Reinvestment Act (ARRA).
Budget Brief: Chapter 70 Funding Options for K-12 Education
This Budget Brief examines potential strategies for implementing Chapter 70 reductions while protecting the ability of every school district to spend at no less than the foundation budget amount, properly adjusted for inflation.
Budget Brief: Understanding the State Budget is Getting Easier
This Budget Brief provides an overview of the recent reforms that make it easier to understand the state budget (or, that make it more transparent), highlights some new improvements in that regard this year, and offers an example of how the budget could present important information even more clearly.
MA Business Taxes: How Our State Compares to the Nation
National studies have consistently found that the overall level of business taxation is significantly lower in Massachusetts than in most states. One prominent study ranks Massachusetts 43rd for its overall business tax climate in Fiscal Year 2009.
Budget Monitor: The Governor’s Fiscal Year 2011 Budget (Updated)
Following two years in which the state budget was cut deeply and taxes were increased to address substantial budget deficits, the Governor’s FY 2011 budget recommends additional cuts, suggests modest revenue increases, and relies heavily on assistance from the federal government.
Budget Brief: Saving for that Rainy Day: The Stabilization Fund
The balance in the state’s Stabilization Fund has varied over the past 10 years. The Stabilization Fund–often referred to as the “Rainy Day Fund”–is a cushion for when the economy turns down. It is like a savings account for the state to turn to when there is not enough money in the General Fund (the “checking account”) to fund the state’s operations.