Noah Berger, executive director of the Massachusetts Budget and Policy Center, a nonpartisan budget watchdog, said the estimate was “reasonable and cautious.” The total of $20.525 billion in tax revenue estimate reflects growth from the revised estimate of $19.784 billion for the current year.
All that good news comes from a report released earlier this month by the Massachusetts Budget and Policy Center. The State of Working Massachusetts 2010 examines the state’s rise since 1979 from the middle of the pack nationally in terms of wages and incomes to a sixth-place ranking (behind Maryland, New Jersey, Connecticut, Alaska and Hawaii) in median household income.
MASSACHUSETTS (WAMC) – Massachusetts is weathering the economic downturn better than most states, that’s according to a new report released by the Massachusetts Budget and Policy Center. WAMC’s Berkshire Bureau Chief Charlie Deitz reports that the reason for the state’s performance is its’ commitment to higher education over the last three decades.
The gap between projected state spending needed to maintain state services and available revenues next fiscal year is just shy of $1.8 billion, according to a preliminary analysis released Tuesday morning by the Massachusetts Budget and Policy Center.
Massachusetts has fared better than most states during the recession but will face “enormous fiscal and economic challenges” in the years ahead, according to a report released Sunday by the Massachusetts Budget and Policy Center.
During the recent crisis, Massachusetts lost fewer jobs than most states and maintained higher wages, all while avoiding a significant increase in poverty, according to “The State of Working Massachusetts,” a report prepared by the Massachusetts Budget and Policy Center, a nonpartisan think tank that studies economic issues.
Thanks to its colleges and universities, Massachusetts has one of the best-educated, best-paid workforces in the nation, but a new study shows the gap between the haves and have-nots has widened–especially during the recent recession.