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Testimony regarding An Act to manage federal tax changes in Massachusetts
Thank you for the opportunity to submit written testimony in support of S. 346, a Resolve establishing a commission to study the funding of high-quality early education and care in Massachusetts. The bill before you seeks to address the systemic funding challenges that the early education and care sector faces.
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MassBudget’s Preliminary Analysis of Governor Healey’s FY 2027 Budget and FY 2026 Supplemental Budget Proposals
Read MassBudget’s Statement on Governor Healey’s FY 2027 Budget Proposal. Below, MassBudget provides a preliminary analysis of Governor Maura Healey’s Fiscal Year (FY) 2027 budget proposal. MassBudget will release an in-depth analysis of the Governor’s FY 2027 Budget Proposal in the coming weeks. Fair Share surtax revenue continues to support critical education and transportation programs Governor Maura Healey proposed a Fiscal Year (FY) 2027 budget of $62.8 billion, which includes $2.7 billion from the Fair Share surtax. The proposal also includes a FY 2026 supplemental budget proposal totaling $1.15 billion also from Fair Share, the voter-approved ballot initiative that enacted ...
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MassBudget Statement on Governor Healey’s FY 2027 Budget Proposal
Today, Governor Maura Healey released her proposed budget for Fiscal Year 2027 (FY 2027). This proposal starts the FY 2027 budget cycle and outlines the governor’s plan to spend over $62.8 billion, including $2.7 billion in Fair Share surtax spending, a nearly 4 percent increase over FY 2026. The governor’s FY 2027 proposal was filed alongside a supplemental budget proposal for the current fiscal year (FY 2026) with recommended uses for the $1.15 billion in additional one-time Fair Share spending. Statement from Viviana Abreu-Hernandez, Ph.D., MassBudget President “The Commonwealth continues to benefit greatly from the Fair Share surtax. The governor’s ...
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Proposed Income Tax Cuts in Massachusetts Would Benefit Households with Highest Incomes and Force Deep Public Cuts
The Affordable Homes Act (AHA), a five-year bond bill signed in August 2024, authorized a wide range of capital housing investments through bond spending. Bond authorizations are not the same as budgetary investments: as with most bond bills, the bond authorizations in the AHA will likely not be fully budgeted during their five-year term of Fiscal Years (FYs) 2025 to 2029.
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Protecting Massachusetts Revenue: Examining Governor Healey’s Proposed Response to OB3 Federal Corporate Tax Cuts
The Affordable Homes Act (AHA), a five-year bond bill signed in August 2024, authorized a wide range of capital housing investments through bond spending. Bond authorizations are not the same as budgetary investments: as with most bond bills, the bond authorizations in the AHA will likely not be fully budgeted during their five-year term of Fiscal Years (FYs) 2025 to 2029.
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Taking Stock of Transportation Funding – Co-Report with T4MA
(Press Release from Transportation for Massachusetts (T4MA) on the co-authored report between T4MA and MassBudget.) New Transportation for Massachusetts and Massachusetts Budget and Policy Center report shows that Fair Share has been a boon to transportation, but more revenue sources needed Leveling off of Fair Share resources, uncertainty of federal funds requires pursuing additional funding strategies BOSTON — A report released today by Transportation for Massachusetts (T4MA) and Massachusetts Budget Policy and Center (MassBudget) finds that Fair Share funding has led to significant investment in the state’s transportation system, including stabilizing the MBTA’s finances for the past year, but alone ...
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MassBudget Responds to Governor Healey’s Proposal to Preserve Hundreds of Millions in State Revenue
The Massachusetts Budget and Policy Center (MassBudget) commends Governor Healey for taking an important first step today to preserve critical state revenue in the current fiscal year. The governor has filed a bill that will create a phased-in approach to the five most costly corporate tax changes of the federal “One Big Beautiful Bill Act” (OB3), preventing or delaying hundreds of millions in revenue losses in Fiscal Year 2026 and beyond.
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MassBudget Statement on the FY 2027 Consensus Revenue Estimate (CRE)
MassBudget statement released on 1/14/26 at 4:30PM “Today the Governor, Senate President, and Speaker of the House jointly announced the Fiscal Year (FY) 2027 Consensus Revenue Estimate (CRE) which dictates how much money the state has to spend in the upcoming fiscal year. The CRE for FY 2027 has been set at $44.9 billion. This total includes $2.7 billion dollars in surtax revenues from the Fair Share Amendment that can be spent on public education and transportation needs. Last year’s Fair Share revenue far exceeded official projections. It is heartening to see that lawmakers are confident the surtax will continue ...
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MassBudget Welcomes New Board Members and Community Partners
“We are pleased to announce that the MassBudget Board of Directors has welcomed new members, as well as the designation of new Organizational Partner seats. These individuals and organizations’ expertise and dedication will be invaluable as we continue to advance racially and economically just policies in the Commonwealth”, says Board President, Alexandra Piñeros-Shields.
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Written comments for the Chapter 70 Local Contribution Study
December 2, 2025 Massachusetts Department of Elementary Massachusetts Department of Revenue and Secondary Education (DESE) Division of Local Services (DLS) 135 Santilli Hwy. ...
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