Learn more about current legislation discussed in this conversation: Guaranteed Housing Stability Act (H.5018) would ban evictions due to COVID-19-related nonpayment, stabilize rents, prevent “no fault” evictions, enable homeowners to defer their mortgage payments until the end of their loans, and establish a relief fund for small landlords. Bill on Legislature’s website: https://malegislature.gov/Bills/191/H5018 Local campaign with more
Raising Rates on Unearned Income: An Equitable Way to Avoid Cuts and Support a Robust and Just Recovery
Snapshot of Findings Each percentage point increase in the rates applied to most unearned income could raise about $465 million a year during periods of strong economic and/or stock market performance. Because unearned income flows overwhelmingly to high-income, white households, raising additional revenue from unearned income would support economic and racial justice. The best path
The Massachusetts Budget and Policy Center decided not to prepare a revenue estimate number for this hearing, said its president, Marie-Frances Rivera, citing “all the uncertainty and variables.” In April, MassBudget said that if patterns from prior recessions hold and there is some limited growth, fiscal 2021 collections could land between $5 billion and $5.7
This was a presentation to a coalition of policy advocates, social service providers, and academics, to give members an overview of the Baker Administration’s revised FY 2021 budget and what it means for the programs they care about. View the full presentation here.
“The Baker Administration has released a new budget proposal for the current fiscal year, revising revenue projections down by billions of dollars ($3.6 billion). While the Administration has expressed its commitment to preventing cuts for core services, its budget fails to make the swift and at-scale policy solutions needed to support the hundreds of thousands of