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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 ...
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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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ALL BUDGET RESOURCES REPORTS

Comparing Tax Cut Proposals from 2022 to 2023

Massachusetts lawmakers have proposed tax policy changes in 2022 and 2023 that would reduce public revenue by large amounts—providing the most benefits to the most ...
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Statement on the House Budget

The final House version of the budget, at $56.2 billion, is $154 million larger than the Governor’s proposal. It includes notable amendments to the House Ways ...
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Statement on the House Ways and Means Budget Proposal

While this proposal includes some important investments and policies, both it and the Governor’s proposal are limited by a set of proposed regressive tax cuts.
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High-Income Households Are Not Fleeing Massachusetts

Internal Revenue Service (IRS) data show that Massachusetts has low rates of out-migration among high-income households compared to other states. As a consequence, delivering large ...
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Taking Measure of the Governor’s Tax Plan

The Governor’s proposal would provide benefits to households across the income spectrum, but by far the largest benefits would accrue to a small number of ...
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Governor’s Estate Tax Plan Is Costly and Gives Biggest Breaks to Largest Estates – Better Options Exist

During the current legislative session, lawmakers will consider a number of proposals for changing the Massachusetts estate tax. Two proposals are compared here – one ...
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MassBudget’s Look at the Governor’s Budget Proposal

The governor's budget proposal includes investments that will reduce some of the hardship faced by Bay Staters, but it also would deeply cut two major ...
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Statement on Governor Healey’s Budget Proposal

Important investments and missed opportunities - MassBudget reacts to the Governor's budget proposal.
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Building an Antiracist State Budget

This year, MassBudget is embarking on an Antiracist State Budget Project. The project strives to put forward antiracist approaches to policy making to meaningfully introduce ...
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With Rainy Day Fund Filling Up Fast, It’s Time to Invest in Community Needs

The state’s rainy day fund is fast approaching its capped “allowable balance.” It could exceed the cap at the end of Fiscal Year 2024. With ...
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Memo to Governor Healey on Ways to Ensure Effective Implementation of the Fair Share Amendment

As Massachusetts voters have amended the state constitution to include a 4 percent surtax on taxable income over $1 million, MassBudget would like to offer ...
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Massachusetts Capital Budget 101

The capital budgeting process takes place largely out of the public eye but is responsible for building and maintaining critical state infrastructure. Learn more about ...
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“Excess” as Mirage: How the 62F Tax Cap Distorts Our View of Massachusetts Tax Revenue

The 1986 tax cap law, also known as “62F,” artificially limits the amount of tax revenue available to address priorities like affordable, quality childcare, safer ...
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62F Credits Benefit the Rich

The “tax cap law,” or what is known as “62F,” sets an artificial limit on how much tax revenue Massachusetts can collect, regardless of the ...
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A Blast from the Past: Reagan-Era Tax Law Hits Hard

You are not alone if you had never heard of the Massachusetts “tax cap law,” or what is also known as “62F.” This Reagan-era law sets ...
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