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MassBudget’s Look at the Fiscal Year 2025 House Ways and Means Budget Proposal

The House Ways and Means (HWM) Committee released its proposed budget for the Fiscal Year (FY) 2025. The proposal reflects both an increase in anticipated collections from the Fair Share “millionaire” tax and flat growth in other tax collections this fiscal year. It supports growing investments in many areas while imposing cuts or failing to keep up with inflation in several others. 
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Presentation: K-12 Funding Update for the Legislative Gateway Caucus

On March 27, 2024, Deputy Policy Director Colin Jones presented to the Legislative Gateway Caucus. He provided a briefing on K-12 funding and policy, including a spotlight on Lawrence, Mass.
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Presentation: Budget Update – Funding for Brockton Public Schools

On Feb 29, 2024, Deputy Policy Director Colin Jones presented to Brockton community members, sharing vital information on the state budget process and specific data looking at Brockton’s K-12 education funding.
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Testimony in Support of S.2554 on Utilizing the Stabilization Fund

Written testimony by Interim President Phineas Baxandall in support of “An Act to Provide for competitiveness and Infrastructure investment in Massachusetts” (S.2554).
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MassBudget’s Look at the Fiscal Year 2025 Governor’s Budget Proposal

The Governor’s Fiscal Year (FY) 2025 budget proposal supports important investments in our Commonwealth, especially through new Fair Share dollars. This is despite the fact that little additional tax revenue from traditional sources is available this year for the critical public investments that make our state more affordable and equitable and help all of us thrive.
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State Budget Cuts Impact Lowest-Income Children

When state budget shortfalls hit, we should not balance the budget on the backs of kids living in Deep Poverty.
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How Much Would a Transfer Fee on Expensive Real Estate Generate for Your City or Town?

An interactive dashboard that provides data for each of Massachusetts' 351 cities and towns on how much revenue a community could raise by collecting an additional real estate transfer fee.
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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 over 65 years of age or with disabilities. This dashboard identifies – by legislative district - how many dependents would be eligible.
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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 $1 billion each year in forgone tax collections. It includes some elements that improve tax fairness, and racial and economic equity, as well as other elements that make our state tax system less fair.
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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 while improving the Commonwealth as a whole.
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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 Commonwealth’s $8 billion rainy day fund to secure federal grants and meet long-term capital needs.
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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 low- and middle-income households in Massachusetts. At the same time, our state fails to move toward racial and economic equity when we give away hundreds of millions of dollars to the richest families and large, profitable corporations.
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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 transportation. Lawmakers took additional steps to create mechanisms that will facilitate transparency, stability, and protect the intent of the amendment.
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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 equitable.
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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 the Fair Share Amendment that the voters passed last November, the FY2024 budget makes important investments in education and transportation.
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