1 / 43

Understanding Massachusetts Budget: Taxes, Services, and Economic Impact

The Massachusetts Budget and Policy Center provides insightful analysis of the state budget, examining how taxes as a percentage of personal income fund essential programs in education, public safety, health care, and more. With statistics highlighting the impact of tax cuts from 1977 to 2011, including declines in educational aid and human services, this resource emphasizes the importance of a fair, stable, and adequate tax system. It clarifies the regressive nature of sales and property taxes while showing the progressive aspect of the income tax. Explore tools for learning more about Massachusetts' budgetary priorities.

keren
Télécharger la présentation

Understanding Massachusetts Budget: Taxes, Services, and Economic Impact

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 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

  2. Education

  3. Transportation

  4. Libraries, Parks and Recreation

  5. Public Safety

  6. Clean Air and Safe Drinking Water

  7. Prisons and the Courts

  8. Health Care and Public Health

  9. Human Services

  10. What Percent of our Income Funds these Programs?

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

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

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

  14. MA Taxes Among Largest Declines: 1977- 2011 US 7.3% Decrease MA 25.0% Decrease

  15. Tax Cuts Have Affected Services

  16. Chapter 70 Education Aid 4.4% decrease since FY01 Billions, Inflation Adjusted Includes ARRA funding; Adjusted using the inflation factor identified in Chapter 70

  17. Local Aid Billions, Inflation Adjusted

  18. Early Education and Care Millions, Inflation Adjusted

  19. Higher Education Billions, Inflation Adjusted

  20. Public Health Millions, Inflation Adjusted

  21. Human Services Billions, Inflation Adjusted

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

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

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

  25. The Sales Tax is Regressive Top 20%

  26. Why the Sales Tax is Regressive Source: Bureau of Labor Statistics, Consumer Expenditures Survey, 2008

  27. The Property Tax is Regressive Top 20%

  28. The Income Tax is Progressive Top 20%

  29. State and Local Taxes are Regressive Top 20%

  30. Investing in a strong state economy

  31. No Clear RelationshipBetween Tax Levels & Wages, 2012

  32. Strong RelationshipBetween Education and Wages, 2012

  33. Individual Wages Increase with Level of Education

  34. Tools to Learn More Massachusetts Budget and Policy Center: www.massbudget.org MassBudget Online Budget Browser: http://browser.massbudget.org Commonwealth of Massachusetts Budget: www.mass.gov/budget

  35. browser.massbudget.org

  36. children.massbudget.org MassBudget’s Children’sBudget

More Related