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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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Local Revenue for Affordable Housing: Why the Community Preservation Act Isn’t Enough
Massachusetts' severe shortage of affordable housing is not insurmountable, but existing revenue sources are not sufficient to build and maintain it at scale. The state has the capacity to raise this revenue without expecting residents to forgo access to other things that they value.
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Statement on Budget Bill Approved by U.S. House of Representatives
On Thursday, May 22, 2025, the U.S. House of Representatives approved an extensive budget bill that would cut aid to our most vulnerable in favor of further enriching the nation’s most wealthy. MassBudget President Viviana Abreu-Hernández, PhD has issued this statement in response.
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Estimate of Potential GILTI Revenue
Building off of a recent analysis performed by the Institute on Taxation and Economic Policy (ITEP), MassBudget estimates that adopting a robust and well-enforced provision requiring multinational corporations to include 50 percent of GILTI (Global Intangible Low-Taxed Income) in their state tax calculations would generate over $400 million a year for the Commonwealth.
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By Taxing GILTI Profits, Massachusetts Can Reclaim Millions in Revenue Lost to Corporate Offshore Tax Dodging
Changing the state approach to Global Intangible Low-Taxed Income would allow the Commonwealth to reclaim a sizable share of the tax revenue lost to international profit-shifting - allowing for transformative investments and a cushion against the impact of potential federal cuts.
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Local Revenue is a Key Tool to Advance Housing Affordability
A real estate transfer fee on high-end transactions can raise significant revenue at the local level, allow communities to address local affordable housing needs, and be a tool for economic and racial equity.
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How Do Massachusetts Tax Filers Experience the Improvements to State Refundable Tax Credits?
This report describes the results of four focus groups held with low-to-moderate income Massachusetts tax filers in 2024 to better understand their experiences with recent enhancements of the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC).
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MassBudget Applauds Legislature Using Fair Share as Intended
The Commonwealth can celebrate that two years after Massachusetts voters passed the Fair Share amendment, it is working as promised. MassBudget applauds the Legislature for upholding their commitment to the voters.
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New Census Migration Data for 2023 – Modest Domestic Outmigration Offset by Larger International Inflow
The newly released 2023 American Community Survey (ACS) data from the U.S. Census Bureau show that Massachusetts migration patterns were largely unchanged from those seen in the 2022 ACS data: Massachusetts is gaining population from migration at a very modest rate.
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Two Years of Fair Share Funding at Work
Nearly two years after Massachusetts voted to create a more equitable tax system to directly support education and transportation, $2.3 billion dollars have been dispersed to a wide variety of important programs.
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