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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

Budget Monitor Conference Preview: Differences Between the Senate and House Budgets for FY 2019

The House and Senate Budgets reflect similar values: expanding access to education, helping working families to make ends meet (with an expansion of the Earned Income Tax Credit), and helping families to find housing. Both budgets are also constrained by limited revenue and are not able to make progress in a number of important areas including making higher education more affordable and significantly improving our transportation systems. The list below highlights several of the substantial differences between the House and Senate budgets, and the rest of this Monitor provides more detail on differences that the Legislature’s budget Conference Committee will have to reconcile.

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Analyzing the Senate Ways and Means Committee Budget for FY 2019

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Analyzing the House Budget for FY 2019

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Analyzing the House Ways and Means Committee Budget for FY 2019

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Analyzing the Governor’s Budget for FY 2019

The Governor’s Fiscal Year (FY) 2019 budget proposal level funds much of state government, includes some targeted initiatives – including an expanded earned income tax credit (EITC) and new services for people struggling with and recovering from mental illness – and proposes small reductions in funding, after accounting for inflation, for higher education and other areas.

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A Preview of the Fiscal Year 2019 Budget

The Fiscal Year (FY) 2019 budget year could be the most eventful in decades, with major changes in federal policy looming and ballot questions that could reshape state tax policy likely to appear on the November ballot. This year’s budget will be written in a climate of uncertainty, and against a backdrop of ongoing fiscal challenges.

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