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Presentation – Transportation Funding: Context, Challenges & Progress

Phineas Baxandall June 24, 2024 Budget Resources Presentation Transportation

K-12 Funding Analysis by District: Challenges of Recent Inflation Limiting Investments From the Student Opportunity Act

Colin Jones , Roger Hatch June 18, 2024 Budget Resources Education Kids Reports

Pre-Conference Analysis: With Fair Share Revenue Surpassing Expectations, More Money Could Go to Education and Transportation in House and Senate Compromise

MassBudget Staff June 18, 2024 Budget Brief Budget Resources

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Comparing Tax Cut Proposals from 2022 to 2023

Phineas Baxandall May 5, 2023 Budget Resources Taxes

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 affluent households. This table compares the major, permanent tax cut packages proposed since last year.

Statement on the House Budget

Marie-Frances Rivera April 28, 2023 Budget Resources Statement

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 and Means proposal, but remains similar at its core.

How Other States Prevent the Costly Tax Loophole in the Millionaire’s Tax

Phineas Baxandall April 25, 2023 Reports Taxes

The newly passed surtax on annual incomes over $1 million brings a new opportunity for high-income residents to exploit a tax loophole. Policies in other states show how easily Massachusetts can fix this problem.

Statement on the House Ways and Means Budget Proposal

Marie-Frances Rivera April 12, 2023 Budget Resources Statement

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.

Statement on the House Tax Reform Bill

Marie-Frances Rivera April 11, 2023 Statement Taxes

Meaningful credits for working families mixed with benefits solely for the wealthy - MassBudget reacts to House of Representatives' recently released tax proposal.

High-Income Households Are Not Fleeing Massachusetts

Kurt Wise April 6, 2023 Budget Resources Reports Taxes

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 tax cuts to these few households to stem a non-existent exodus is misguided.

Testimony to the Joint Committee on Revenue on the Governor’s Tax Proposals

Marie-Frances Rivera March 28, 2023 Taxes Testimony

Testimony presented to the Joint Committee on Revenue on March 28, 2023, regarding Governor Healey's tax proposals.

Taking Measure of the Governor’s Tax Plan

Phineas Baxandall March 16, 2023 Budget Resources Taxes

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 very wealthy families.

Governor’s Estate Tax Plan Is Costly and Gives Biggest Breaks to Largest Estates – Better Options Exist

Kurt Wise March 16, 2023 Budget Resources Reports Taxes

During the current legislative session, lawmakers will consider a number of proposals for changing the Massachusetts estate tax. Two proposals are compared here – one put forward by Governor Healey (H.42), and another, S.1784/H.2960, offered in the Senate and House.

MassBudget’s Look at the Governor’s Budget Proposal

MassBudget Staff March 7, 2023 Budget Brief Budget Resources

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 taxes for the wealthiest households, hurting our ability to fund those investments long-term.

Statement on Governor Healey’s Budget Proposal

MassBudget Staff March 1, 2023 Budget Resources Statement

Important investments and missed opportunities - MassBudget reacts to the Governor's budget proposal.

With Rainy Day Fund Filling Up Fast, It’s Time to Invest in Community Needs

Kurt Wise February 21, 2023 Budget Resources Reports Taxes

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 so many unmet needs for revenue throughout the Commonwealth, lawmakers should ensure the fund’s value remains below the cap.

Preventing High-Income Tax Avoidance to Protect Education and Transportation

Phineas Baxandall February 13, 2023 Education Reports Taxes Transportation

Problems with potential high-income tax avoidance can be solved by following many other states that require that taxpayers file their state income taxes with the same status they use on their federal taxes.

Memo to Governor Healey on Ways to Ensure Effective Implementation of the Fair Share Amendment

Marie-Frances Rivera , Phineas Baxandall January 5, 2023 Budget Resources Education Taxes Transportation

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 policy suggestions to assist the Commonwealth in protecting this revenue and ensuring that it is directed to education and transportation, as specified in the amendment.

Letter to Governor-elect Healey and Lieutenant Governor-elect Driscoll on a Family Tax Credit

Phineas Baxandall , Joshua McCabe December 23, 2022 Kids Taxes

A letter to Governor-elect Healey and Lieutenant Governor-elect Driscoll on a consolidating different family tax supports into one simpler, fully refundable Family Tax Credit.