Our State Budget: Building a Better Future Together Massachusetts Budget and Policy Center 15 Court Square, Suite 700, Boston, MA 02108 617.426.1228 www.massbudget.org.

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Presentation transcript:

Our State Budget: Building a Better Future Together Massachusetts Budget and Policy Center 15 Court Square, Suite 700, Boston, MA

Education

Transportation

Libraries, Parks and Recreation

Public Safety

Clean Air and Safe Drinking Water

Prisons and the Courts

Health Care and Public Health

Human Services

What Percent of our Income Funds these Programs?

Taxes as Percent of Personal Income, 2011 State and Local Taxes 10.4%

Mass. Taxes are About Average, 2011 US 10.6% MA 10.4%

Why We are Called “Taxachusetts” US 11.4% MA 13.8% Fiscal Year 1977

MA Taxes Among Largest Declines: US 7.3% Decrease MA 25.0% Decrease

Tax Cuts Have Affected Services

Chapter 70 Education Aid Billions, Inflation Adjusted Includes ARRA funding; Adjusted using the inflation factor identified in Chapter % decrease since FY01

Local Aid Billions, Inflation Adjusted

Early Education and Care Millions, Inflation Adjusted

Higher Education Billions, Inflation Adjusted

Public Health Millions, Inflation Adjusted

Human Services Billions, Inflation Adjusted

Mental Health Millions, Inflation Adjusted 12% decrease since FY01 Some costs shifted

Environment and Recreation Millions, Inflation Adjusted 35% decrease since FY01

A Tax System Should Be... Adequate Stable Simple/Efficient Fair

The Sales Tax is Regressive Income Range: Lowest 20% Second 20% Middle 20% Fourth 20% Next 15% Next 4% Top 1% Top 20%

Why the Sales Tax is Regressive Source: Bureau of Labor Statistics, Consumer Expenditures Survey, 2008 Lowest 20% Second 20% Middle 20% Fourth 20% Top 20%

The Property Tax is Regressive Income Range: Lowest 20% Second 20% Middle 20% Fourth 20% Next 15% Next 4% Top 1% Top 20%

The Income Tax is Progressive Income Range: Lowest 20% Second 20% Middle 20% Fourth 20% Next 15% Next 4% Top 1% Top 20%

State and Local Taxes are Regressive Income Range: Lowest 20% Second 20% Middle 20% Fourth 20% Next 15% Next 4% Top 1% Top 20%

Investing in a strong state economy

No Clear Relationship Between Tax Levels & Wages, 2012

Strong Relationship Between Education and Wages, 2012

Individual Wages Increase with Level of Education

Tools to Learn More  Massachusetts Budget and Policy Center:  MassBudget Online Budget Browser:  Commonwealth of Massachusetts Budget:

browser.massbudget.org

MassBudget’s Children’sBudget children.massbudget.org

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