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Protect Massachusetts’s Fiscal Stability: Which OB3 Tax Changes to Opt Out of and Why
Unfortunately, changes to the federal corporate tax code included in the “One Big Beautiful Bill Act” (OB3) will make our state fiscal situation worse. Many of these changes will enter our state tax code automatically, costing the Commonwealth hundreds of millions of dollars in lost corporate tax revenue unless state lawmakers opt out of these provisions. Detaching the state’s tax code from specific provisions in the federal code is a common practice known as “decoupling.”
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Show Me the Money: Cannabis Revenue, Spending, and Equity in Massachusetts
Key Takeaways Since the legalization of recreational, adult-use cannabis in 2016, cannabis sales in Massachusetts have generated nearly $2 billion in state and local revenue, with total adult-use retail sales reaching over $8 billion as of August 2025. Revenue from the Marijuana Regulation Fund (MRF), the main fund that receives cannabis revenue, supports various programs across public health, community investment, law and public safety, and regulatory oversight, with public health receiving the largest percentage. Massachusetts has led the nation in cannabis social equity programs. The initial legislation, revised after the 2016 ballot initiative, includes mandated social equity components to promote ...
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Payouts and Risks in Massachusetts’s Gambling Revenue
Key Takeaways The Lottery, casinos, and sports betting together generate $1.5 billion in annual taxes, the state’s fourth largest source of revenue. The Lottery is the largest source, but has fallen by a third since 2002, when adjusted for inflation. Problem gambling disproportionately harms lower-income and non-white bettors. Lottery revenue is used for local aid, which is somewhat targeted to lower-income communities. State spending of casino revenue has changed over time and concentrated in a few programs. Growing online sports betting may be replacing some casino gambling. It pays lower tax rates on profits and poses new dangers for problem ...
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MassBudget’s Analysis of the FY 2026 General Appropriations Act
The state budget Governor Maura Healey signed on July 4th for Fiscal Year (FY) 2026 reflects both caution in the face of federal funding threats and the new possibilities for investment in education and transportation made viable by surging revenue from the Fair Share surtax.
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Preliminary Analysis: FY 2026 Conference Committee Budget Proposal
The Conference Committee’s Fiscal Year 2026 budget proposal, released Sunday, June 29, allocates over $61 billion in spending for the Commonwealth. MassBudget shares our preliminary analysis of the proposal.
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MassBudget’s Statement on the FY 2026 Conference Budget
On Sunday, June 29th, the Conference Committee released their proposed budget for Fiscal Year (FY) 2026, outlining a plan to spend over $61 billion for the upcoming fiscal year beginning July 1.
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Comparative Analysis of the House & Senate Budget Proposals: Opportunities for the Conference Committee to Promote Equity and Uplift Communities
MassBudget examines differences between the House's and the Senate’s FY 2026 budget proposals in specific policy areas and provides recommendations on what the Conference Committee should include for priority items.
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Analysis: Impact of U.S. House’s Budget Reconciliation Bill on Massachusetts
On May 30, 2025, the Center on Budget and Policy Priorities (CBPP) published an analysis of the budget bill recently approved by the U.S. House of Representatives, including critical data on its impact in Massachusetts.
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Preliminary Analysis: FY 2026 Senate Ways and Means Budget Proposal
The Senate Ways and Means Committee's FY 2026 budget proposal, released Tuesday, May 6, allocates over $61.3 billion in spending for the Commonwealth. This is MassBudget's first dive into the details.
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MassBudget’s Statement on the FY 2026 Senate Ways and Means Budget Proposal
Coming after the House finalized their budget proposal the week prior, the Senate Ways and Means (SWM) Committee released their proposal, outlining a plan to spend over $61.3 billion for the upcoming fiscal year beginning July 1.
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