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The Governor’s 2023 Budget Proposal: Last Chance for a Lasting Legacy

Governor Baker submitted his last state budget as Governor of the Commonwealth last week, and this Fiscal Year (FY) 2023 budget is not all that …

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FY 2023 Budget: the Good, the Bad, and the Need for New, Sustainable Revenue

Statement from MassBudget President Marie-Frances Rivera in response to the Baker Administration’s Fiscal Year (FY) 2023 Budget Proposal For Immediate Release: January 26, 2022 “As …

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State Budget 101

What is the state budget? The state budget is single largest piece of legislation passed each year. It affects every person in the Commonwealth. It …

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ALL BUDGET RESOURCES REPORTS

7 questions you have on the state budget and COVID-19, but were afraid to ask

How has the crisis affected the state budget and what does this mean? MassBudget has compiled the answers to some commonly asked questions and we want to hear from you. Read the latest and share your thoughts!

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How will the Federal Reserve’s new loan program for states affect Massachusetts?

What is the Municipal Liquidity Facility? How does it work? How does it help Massachusetts? Learn more about how the Federal Reserve’s new loan program for states affects the Commonwealth.

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How is COVID-19 affecting the state budget?

Learn about how the pandemic is impacting the state budget process, essential programs, and how the Commonwealth can prepare for the road to recovery amid COVID-19.

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Blog: 7 questions you have on the state budget and COVID-19, but were afraid to ask

How has the crisis affected the state budget and what does this mean? MassBudget has compiled the answers to some commonly asked questions and we want to hear from you. Read the latest and share your thoughts!

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COVID-19 Updates: State Budget & the Pandemic

Learn about the pandemic’s impact on the state budget process, essential programs, and how we can prepare for the road to recovery with our Policy …

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That’s A Relief Part II: Federal Fiscal Relief for Community Development in the CARES Act

Read That’s A Relief Part I: Federal Fiscal Relief to Massachusetts in Recently-Passed Legislation here. The federal Coronavirus Aid, Relief, and Economic Security Act (“CARES Act,” or …

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That’s A Relief Part I: Federal Fiscal Relief to Massachusetts in Recently-Passed Legislation

Learn what federal relief though the CARES Act, the Coronavirus Relief Fund, and other recently passed legislation means for the Commonwealth during the public health crisis.

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Responding to the COVID-19 Crisis: Filling Gaps in Federal Cash Support for Individuals and Families

Congress enacted billions of dollars in new direct cash assistance to individuals and families during the crisis, but there’s still work to be done to ensure people are not left behind. Learn what state-level solutions are available to fill the gaps.

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Amid plummeting state tax collections, the Commonwealth has options

It’s a sudden economic freefall like no other. By some estimates, Massachusetts will have 473,000 COVID-induced job layoffs and furloughs by summer. Most people with jobs won’t make or spend as much in the months ahead.

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It’s Raining: An FAQ on Using Our State Savings Account to Respond to the COVID-19 Crisis

What is the Rainy Day Fund? The Stabilization Fund — often referred to as the “Rainy Day Fund”– is a cushion for times when state …

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Going Upstream: How our State Budget, Revenue, and Policies can Improve Health

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FY 2021 GOVERNOR’S BUDGET: MassHealth and Health Reform – Governor proposes to hold steady

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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.

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

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.

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

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.

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