“The FY 2022 Senate Committee proposal makes progress toward equity but does not seize the opportunity to make bold strides given our better-than-expected revenue collections and incoming federal funds. The proposal to make the state’s child and dependent tax deduction refundable is a major step in the right direction for tens of thousands of …
The Massachusetts House of Representatives’ Fiscal Year (FY) 2022 budget proposal offers and maintains regressive tax breaks that benefit private investors and Hollywood producers while holding off on many people-centered policy changes. Last week, House lawmakers made amendments to the House Ways and Means (HWM) budget proposal that did not meet the moment. Amendments are …
House FY22 budget a boon for private investors, Hollywood producers Read More »
The House Ways and Means (HWM) budget proposal for Fiscal Year 2022 (FY 2022) goes further than the Governor’s proposal in many ways — such as public school funding — but does not reflect the level of need communities are continuing to face because of the COVID-19 pandemic. The state budget is a powerful tool …
HWM budget for FY22 does not reflect ongoing crisis Read More »
Statement by Marie-Frances Rivera, President of the Massachusetts Budget and Policy Center (MassBudget), on the House Ways and Means Committee’s Fiscal Year 2022 Budget Proposal Massachusetts remains in the midst of a health and economic crisis that the House Ways and Means (HWM) budget proposal does not fully address. The HWM Fiscal Year (FY) 2022 …
May 24th, 2021 Update: Since the initial publication of this brief, the U.S. Department of the Treasury has provided updated funding totals. The passage of the American Rescue Plan (ARP) and the availability of significant new federal revenue gives Massachusetts a once-in-a-generation opportunity. With thoughtful choices, these dollars can be the sturdy building blocks for …
Relief Is on the Way: Part I—State and Local Funding from the American Rescue Plan Read More »
As far as most of us are concerned, the 2020 Census has been over for months. There have been far more important concerns over this past year to occupy our thoughts: a devastating pandemic that has hit our communities of color particularly hard1; a recession2 and widespread unemployment upending the lives of hundres of thousand …
Bringing in the Relief: The Census Counts for Equity (updated) Read More »
As difficult as this past year has been, it would have been worse without the more than $70 billion in federal relief to Massachusetts so far from just the first five of the COVID-19 federal relief bills. About $39 billion in federal dollars goes directly to individuals and businesses, through stimulus checks and programs like …
Where’s the Relief? The Distribution of Federal Funding in Massachusetts Read More »
MassBudget welcomed our new and returning Massachusetts legislators and their staff with an overview of the state budget and taxes, as well as a briefing on the Governor’s FY 2022 budget proposal. Re-watch the briefing here.
Statement by Marie-Frances Rivera, MassBudget President, on Governor Baker’s Fiscal Year (FY) 2022 Proposal filed Wednesday, January 27, 2021.
1. How will the state generate enough revenue to meet everyone’s needs? Before state lawmakers even begin creating a budget, they need to determine how much money the state will likely collect for that fiscal year. For FY 2022, state leaders now estimate Massachusetts will bring in $30.12 billion in tax revenue, which is a …