Budget Resources Archives - Page 7 of 21 - Mass. Budget and Policy Center

Taxing the GILTI: By Reversing 2018 Policy, MA Can Fight Corporate Tax Dodging & Raise $450 Million a Year [Corp. Tax Series Pt.5]

In a costly decision, the Massachusetts Legislature voted in 2018 to allow businesses to exclude 95 percent of GILTI from Massachusetts taxation. This choice will cost the Commonwealth as much as $450 million in lost revenue in the current tax year (2020). This is revenue that otherwise would come exclusively from profitable, multinational corporations doing business in Massachusetts – and in particular, from ones that are choosing to game the tax code.

FY 2021 GOVERNOR’S BUDGET: Transportation – Governor proposes more funding, partly reversing past cuts

Budget Resources, Transportation / By Phineas Baxandall

The Governor’s FY 2021 budget proposal is notable for acknowledging the need for more transportation investment to improve our current road and transit systems. This brief details how the proposal would partly reverse some earlier cuts to transportation programs that have likely held back performance.

FY 2021 GOVERNOR’S BUDGET: Summary – Lack of new revenues constrains Governor’s ability to make bold moves

Budget Resources / By MassBudget Staff

Big changes are afoot for Massachusetts in the coming fiscal year. FY 2021 is the start of a seven-year overhaul of school funding and lawmakers have bold plans to modernize the state’s transportation system. But growth in the money to pay for these and other public services is expected to slow in the coming fiscal year and likely beyond.

FY 2021 BUDGET PREVIEW: Four items to watch in the budget debate

Budget Resources / By Monique Ching

The yearly budget cycle kicks off this week with the Governor’s proposal for the Fiscal Year (FY) 2021 budget. In preparation, MassBudget published a series of briefs that highlight some major stories to watch in the FY 2021 debate. This is a summary of four key stories highlighted in our series.

FY 2021 BUDGET PREVIEW: Revenue Expectations for the FY 2021 State Budget

Budget Brief, Budget Resources, Taxes / By Kurt Wise

With a new commitment to increasing state K-12 education funding and the ever more obvious need to repair and upgrade our transportation systems, will lawmakers have the revenue to make the necessary investments in these and other budget priorities?

FY 2021 BUDGET PREVIEW: Delivering on the K-12 Education Funding Overhaul & the Student Opportunity Act (SOA)

Budget Resources, Education, Kids / By Colin Jones

Now that the state has revamped its education funding formula, how will lawmakers fund these changes in this first year of implementation?

FY 2021 BUDGET PREVIEW: Will the Transportation Budget Reflect New Realities? 6 Things to Look Out For

Budget Resources, Transportation / By Phineas Baxandall

Will the Governor’s FY 2021 budget proposal indicate his commitment toward improving public transit, developing regional rail, reducing traffic congestion, and other priorities?

FY 2021 BUDGET PREVIEW: Will the Governor reboot his dependent deduction proposal or take a more targeted approach?

Budget Resources, Kids, Taxes / By Phineas Baxandall

Will the Governor again propose to double the state’s dependent deduction, which wasn’t adopted by the Legislature, or will state lawmakers provide more targeted tax support for working families with greater need?

Testimony to the Joint Committee on Revenue on the EITC

Budget Resources, Health, Jobs & the Economy, Taxes, Testimony / By Phineas Baxandall

What is the Actual State Cost of MassHealth in 2019?

Budget Resources, Health, Kids / By Nancy Wagman

Every month, the MassHealth program (Massachusetts’ Medicaid program) provides health insurance for more than 1.8 million residents of the Commonwealth: children in low-income households; low-wage workers; elders in nursing homes; people with disabilities; and others with very low incomes who cannot afford insurance. This is more than one-quarter of the Commonwealth’s population, including close to half the state’s children. Not surprisingly, such a comprehensive program represents a large share of the state’s budget. But how much?