How will the state government pave our way to an equitable recovery? What to watch this FY 2022 budget season.
As state lawmakers sprint from one budgeting season to the next, many in Massachusetts are still reeling from the effects of COVID-19. The Fiscal Year …
Interested in learning more about global intangible low-taxed income (GILTI)? Check out this resource to find out how corporate tax avoidance affects Massachusetts, and read the full Taxing The GILTI report for more information.
Opportunity Delayed: FY 2021 Governor’s Budget for K-12 Funding Falls Short by $74M for Low-Income Kids
As part of implementing the Commonwealth’s new school funding law, the Student Opportunity Act (SOA), the Governor proposed increasing Chapter 70 aid by $303.5 million over current levels in the Fiscal Year (FY) 2021 budget. In this first year, the Governor delivers on one-seventh (14 percent) of the SOA reforms in most areas —special education, health care for educators, social-emotional support, and increments for English Language Learners — keeping those reforms on track for full implementation in seven years.