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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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One year into the Affordable Homes Act: What Has It Accomplished and What Else Can Be Done?
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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Testimony in support of a Resolve establishing a commission to study the funding of high-quality early education and care 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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Testimony in support of An Act relative to the repeal of the sales tax exemption for aircraft and An Act to repeal the sales tax exemption for aircraft
Thank you for the opportunity to submit written testimony on behalf of the Massachusetts Budget andPolicy Center (MassBudget) in support of H.3123/S.1923: An Act relative to the repeal of the sales tax exemption for aircraft/An Act to repeal the sales tax exemption for aircraft. The bills under your consideration would end the current sales tax subsidy for private jets and other aircrafts. We urge the Committee to look critically at why the Commonwealth would take special pains to subsidize private jets and helicopters.
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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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Testimony in support of An Act establishing a Massachusetts Baby Bonds Program
Thank you for the opportunity to submit written testimony in support of H.48, An Act Establishing a Massachusetts Baby Bonds Program. Baby Bonds programs are an effective way to close the racial wealth gap and expand economic opportunity for all Massachusetts residents. We also support H.1158/S.737, An Act to promote economic mobility through matched savings, which would help families to improve their financial stability.
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