MassBudget: Investments and Revenue in the Governor's Budget

MassBudget    Information.    Participation.  Massachusetts Budget and Policy Center    Democracy. Governor's Budget: Investments and Revenue In his budget for FY 2014, the Governor proposed significant new investments in Early Education & Care, K-12 Education, Higher Education, and Transportation. To fund these investments--and avoid cuts to other vital public services--the Governor's budget also includes a detailed plan to raise new revenue. As part of our ongoing analysis of the Governor's plan, MassBudget is releasing two new budget briefs. The first, "Investments and Revenue in the Governor's Budget," presents a concise, 2-page overview of key initiatives in the budget proposal. Notably: Significant new funding for Education, including greater support for the nearly 1 million students in K-12 public schools, increased access to quality Early Education & Care, and steps to help make Higher Education more affordable Investments to fix and improve our statewide transportation system--roads, buses, bridges, and subways The tax proposals that would fund these investment Our second brief, "Tax Policy Proposals in the Governor's FY 2014 Budget," describes the Governor's proposals to raise new revenue while increasing the fairness of our tax system. Among other things, it analyzes: The major revenue-generating piece of the Governor's plan, which involves raising the income tax rate while lowering the sales tax Changes to various deductions, including the elimination of some popular income tax breaks and the doubling of the personal exemption How Massachusetts businesses would be affected by the tax changes As a reminder, all of our work on the Governor's budget--including these new briefs--can be found here. Read INVESTMENTS AND REVENUE IN THE GOVERNOR'S BUDGET Read TAX POLICY PROPOSALS IN THE GOVERNOR'S FY 2014 BUDGET See all of our BUDGET RESOURCES The Massachusetts Budget and Policy Center (MassBudget) produces policy research, analysis, and data-driven recommendations focused on improving the lives of low- and middle-income children and adults, strengthening our state's economy, and enhancing the quality of life in Massachusetts. MASSACHUSETTS BUDGET AND POLICY CENTER 15 COURT SQUARE, SUITE 700 BOSTON, MA 02108

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