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MASSACHUSETTS

Massachusetts

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    • Budget timeline: Annual

      Fiscal Year starts: July 1
       

      The current state budget can be found here.

      Find the legislative session calendar here.

      Find the current legislative leaders here.

       

      MA Gov. Patrick

      Gov. Deval Patrick
      Office of Governor Deval Patrick
      State House
      Room 360
      Boston, MA 02133
      Phone: (617) 725-4000
      Fax: (617) 727-9725

       

       

      Glen Shor, Secretary
      Executive Office for Administration and Finance
      Room 272, State House
      Boston, MA 02133
      Phone (617) 727-2081
      Fax (617) 727-2050
      http://www.mass.gov/eoaf

       

      Want a more robust, long-term look at your state's fiscal health, beyond the budget? There are two parts: Click here for the FY2012 Comprehensive Annual Financial Report (CAFR) compiled by the state government, and click here for information on the state's pension liabilities

       

      Massachusetts is required to pass a "balanced budget." Article 63, Section 2 of the 1780 Constitution addresses the need for the governor to set forth all expenditures and all revenues and other means "by which such expenditures shall be defrayed." More importantly, Chapter 29, Section 6E of the State law requires the governor to submit, and the general assembly to pass, a general appropriations bill which constitutes a balanced budget. If a deficiency in revenue exists, Chapter 29, Section 9C requires the governor to reduce spending or propose ways to generate additional revenue. Massachusetts law does not forbid the carrying over of a deficit from one year to the next.

       

      The State maintained four major funds for FY07: General Fund, Highway Fund, Lotteries Fund, and Massachusetts School Building Authority. For FY06 and FY05, the State maintained several additional major funds. Each year, the State's CAFR includes a single Budgetary Comparison Schedule with no specific title, simply named Budgeted Funds. [from the Institute for Truth in Accounting]

       

      Find the state's bond ratings here.

       

       

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    • Solutions

      How Reality-Based Budgeting Can Permanently Resolve State Budget Gaps

      State Budget Solutions | by Bob Williams | November 7, 2012

      State Budget Solutions recommends that state legislators take action in 2013 to resolve the serious state financial crises by changing their focus from inputs to outcomes by redesigning budgets from the ground up based on priorities and performance.

    • Solutions

      How to Prevent Future Pension Crises

      by Cory Eucalitto | November 1, 2012

      The time for state and local governments to offer defined contribution retirement plans that protect both taxpayer dollars and public employee retirement security is now.

    • Solutions

      State Lawmakerís Guide to Evaluating Medicaid Expansion Projections

      The Heritage Foundation | by Edmund F. Haislmaier and Drew Gonshorowski | October 17, 2012

      Supporters of Obamacare claim that expanding Medicaid will entail little to no cost to state governments, since the federal government will fund the vast majority of the additional costs. Indeed, some analyses project states achieving savings from adopting the expansion. However, state lawmakers should be wary of accepting such analyses at face value.

    • Solutions

      Medicaid Is BrokenóLet the States Fix It

      The Wall Street Journal | by Paul Howard and Russell Sykes | October 15, 2012

      Block-granting Medicaid is the best way to deliver better, cost-effective care to the most vulnerable Americans.

    • Solutions

      The Case for Reform: Prisons

      Right on Crime | August 1, 2012

      Prisons are supremely important, but they are also a supremely expensive government program, and thus prison systems must be held to the highest standards of accountability.

    • Williams Report - July 21, 2014

      State Budget Solutions | by Bob Williams | July 21, 2014

      The Williams Report is BACK after a one week hiatus. Be honest, you missed it! Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob. 

    • Illinois, Indiana, Maine , Massachusetts , Michigan, New Jersey, North Carolina , Oklahoma

      Special Edition Williams Report July 2, 2014

      State Budget Solutions | by Bob Williams | July 2, 2014

      Welcome to a special edition of the Williams Report! There has been a lot of news this week: an important U.S.Supreme Court decision on unions and the end of the fiscal year in many states have been in the headlines. Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob.

    • Fitch: State pension plans' funding climbs in 2013 despite low contributions

      Pensions & Investments | by Rob Kozlowski | May 15, 2014

      While the funding ratios of U.S. state defined benefit pension plans improved in fiscal year 2013, significant challenges remain, according to a Fitch Ratings report.

    • Massachusetts

      Mass. pension plan ranks worst in US, study finds

      The Boston Globe | by Beth Healy | May 5, 2014

      According to the study, Massachusetts receives a "D" for it's plan's funding ratio, along with numerous other states. It received an "F" for making required contributions, with three other states. - New Jersey, Pennsylvania, and North Dakota.

    • Richard Ravitch: State fiscal crises aren't over

      Newsday | by Michael Gormley | April 25, 2014

      Former Lt. Gov. Richard Ravitch, who helped New York City escape bankruptcy 40 years ago, warned Wednesday that the fiscal crisis isn't over in New York and other states, despite election year plans to cut taxes and spend more.