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Making sense of the state budget, taxes, and the Governor’s FY22 proposal
MassBudget welcomed our new and returning Massachusetts legislators and their staff with an overview of the state budget and taxes, as well as a briefing ...
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Massachusetts Should Prohibit “Double-Dip” Tax Break for Profitable Businesses
Click here for a PDF version of this statement. S.D. 172, “An act providing financial relief to small businesses during the COVID-19 pandemic”, is bad ...
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Raising Rates on Unearned Income: An Equitable Way to Avoid Cuts and Support a Robust and Just Recovery
As a Commonwealth, we must respond to these intertwined health and economic crises in ways that acknowledge and correct for these deep-seated and longstanding inequities. ...
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FY 2021 Budget & Tax Options
Two weeks ago, the Executive Office of Administration and Finance (ANF) provided updated revenue projections for the current fiscal year (FY21). ANF now estimates an ...
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Testimony for the House and Senate Ways and Means Committees, the Joint Committee on Revenue, and the Executive Office of Administration and Finance Economic Roundtable
We’re clearly in a budget crisis. Which is extremely troubling at this time, when we need real, comprehensive relief for families and individuals — so ...
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State Borrowing is No Substitute for New Revenue in Dealing with the COVID-19 Economic Downturn
States rely on borrowing to manage their finances in good times and bad. Yet borrowing is not a substitute for raising the revenue needed for an ...
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Supporting Racial Equity and a Robust Recovery with a Corporate Income Tax Rate Increase
By returning the state corporate income tax to pre-2010 rates, the Commonwealth could raise $375 million to $500 million a year to help fund a ...
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Municipal Budgets, Local Aid, and Property Taxes Amid COVID-19
As a result of the pandemic, municipalities face increased spending needs and declining revenues. Many have the ability to raise property taxes, though others are ...
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Road to Recovery: How to Safely Reopen Early Education in Massachusetts
As the Commonwealth's early education and care sector reopens, many providers are at risk of closing permanently unless there is a significant new source of ...
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Mass. Raised Revenue in Last Three Recessions, Reducing Cuts
Cutting budgets and failing to invest in communities hardest hit by the pandemic perpetuates the deep racial inequities built into the current system. Learn more ...
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