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Budget Monitor: The Governor's FY 2009 Budget Vetoes
On Sunday, July 13th, the Governor signed the Fiscal Year 2009 state budget, and used his line item veto authority to reduce the total spending amount by $122.5 million. Because some of the vetoed spending would have generated revenue (for example, the state receives federal revenue to reimburse a portion of Medicaid spending), the vetoes achieved $93.6 million in net state savings.
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Budget Monitor: The FY 2009 Conference Committee Budget
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July 11, 2008
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The budget crafted by the conference committee and approved by the House and Senate on July 3 spends more than the amounts previously recommended by the House, the Senate, and the Governor.
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MassBudget Brief: Preliminary Analysis of Legislature's Enacted FY 09 Budget
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July 3, 2008
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The budget approved by the Legislature includes very few significant new spending initiatives; it does, however, increase funding substantially to keep commitments made in previous years.
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MassBudget Brief: Legislature Passes Corporate Tax Reform
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July 1, 2008
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On July 1st, 2008 the Massachusetts Legislature enacted corporate tax reform legislation that will significantly reduce opportunities for corporate tax avoidance, improving the fairness and efficiency of the state tax system. The legislation also cuts corporate income tax rates, but by less than the amount saved by reducing tax avoidance.
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The Massachusetts Budget and Policy Center (MBPC) provides
independent research and analysis of state budget and tax policies,
as well as economic issues, that affect low- and moderate-income
people in Massachusetts.
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More Information
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Boston, MA 02108
