Budget Resources

Prospects for Investment, Stability, and Growth in Early Education in Massachusetts

As the challenges of the COVID pandemic continue to reverberate across the state, early education and care (EEC) providers persevere every day. Early care centers across the Commonwealth continue to deliver enriching support for young children while allowing parents to work and provide for their families. EEC has an essential role in keeping our state economy moving during these challenging times.

When A Surplus Is Not Extra

Sometimes a “surplus” is not really a surplus at all, and the term “tax surplus” can be particularly misleading. A tax surplus occurs when tax collections come in higher than the amount expected when the state created its budget at the beginning of the fiscal year. When that initial estimate turns out to be too low, there is a “surplus.” It does not mean that the state budget has already met the needs of the moment or that there is extra unneeded revenue.

Options for Targeted Tax Relief and a Warning About Estate Tax Changes

June 10, 2022 To: House and Senate Ways and Means Committee members and staff Re: Options for Targeted Tax Relief and a Warning About Estate Tax Changes From: Marie-Frances Rivera, Phineas Baxandall, Nancy Wagman, Kurt Wise __________________________________________________________________ Chairman and Members of the House and Senate Committees on Ways and Means, Tax collections have come in …

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We’re Not Out of the Woods Yet

“Yesterday, Senate President Karen Spilka rightfully noted the need to balance “targeted spending investments to a number of crucial areas, such as housing, childcare and higher education” while responding to our state’s current revenue collections. As our analysis shows from the final Fiscal Year 2023 House budget proposal, our Legislature made a great first step …

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