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How Much Will Each District Benefit from the New Child & Dependent Tax Credit?

The proposed Child and Family Tax Credit would help families by providing a refundable credit each year for each child under 13 and dependent adults ...
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Who Benefits from the New Tax Package?

The new tax package is the largest set of tax changes the Commonwealth has seen in some 15 years and will cost the Commonwealth over ...
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Fair Share Advances Racial Equity Through New Budget Investments

The first year of investments made with Fair Share dollars demonstrate how the new surtax creates opportunities to mitigate the ongoing harms of structural racism ...
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Statement on Governor’s Proposal to Leverage Stabilization Funds to Secure Federal Grants

Statement by Massachusetts Budget and Policy Center Interim President Phineas Baxandall in response to today’s proposal by Governor Maura Healey to utilize interest from the ...
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MassBudget Statement on the 2023 Tax Relief Package

Today, the conference committee presented the biggest package of tax changes in 15 years. We commend them for taking important steps to improve affordability for ...
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Three Funds, One Purpose: Implementing Fair Share

The Fiscal Year 2024 budget is the first state budget to include money raised from the Fair Share Amendment, making important investments in education and ...
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Your Fair Share Dollars at Work: Critical Investments and Hard Choices

The Fair Share Amendment is doing what voters wanted it to do: making new, important investments in our Commonwealth and making our tax system more ...
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Statement by MassBudget on the FY2024 Budget

Today the legislature passed a budget bill for Fiscal Year 2024. The $56.26 billion budget now goes to Governor Healey. Enabled by new revenue from ...
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Final Tax Package Can Improve Tax Fairness & Help Build Toward Shared Prosperity

Currently, a conference committee is working on a compromise tax package between the House's and Senate's proposals. The fairest tax package would be one that ...
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State-Level Child Tax Credits are Having a Moment in the Sun: Will Massachusetts Families be Left in the Dark?

The Massachusetts legislature is considering creating the Child and Family Tax Credit (CFTC), a refundable tax credit for families with children and adult dependents. It ...
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