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Pioneer Institute Statement on the Commonwealth of Massachusetts’ March Tax Revenue Collections

/in , /by Editorial Staff

Pioneer Institute Statement on the Commonwealth of Massachusetts’ March Tax Revenue Collections: Preliminary March tax revenue collection numbers were released on Wednesday (4/3/24) by the Massachusetts Department of Revenue (DOR). The Commonwealth took in $4.065 billion in total tax receipts for the month.  This figure is $129 million or 3.3% above the current monthly benchmark – the first time this fiscal year that actual revenues exceeded estimates. While the slight uptick is good news because it breaks an eight-month streak of declining revenues, let’s not queue up the confetti quite yet.  All major tax revenue categories other than withholding taxes are below estimates.  Withholding tax collections are likely buoyed by the worker shortage and higher salaries that workers can now […]

U.S. Chamber Foundation’s Hilary Crow on K-12 Civics Education

/in , , , , /by Editorial Staff

U.S. Chamber Foundation VP, Hilary Crow discusses the state of K-12 civics, emphasizing the Chamber Foundation’s role in addressing America’s wide civic education deficits. Crow highlights a recent national civics survey, alarming civic literacy gaps, and links between political unrest and our nation’s educational shortcomings in K-12 civics.

Constitutional Property Taking: Exclusionary Zoning’s Costs to Owners and Society

/in , , /by Editorial Staff

Joe Selvaggi talks with George Mason Law Professor Ilya Somin about the the costs, benefits, and legal foundations of exclusionary zoning argued in his recent paper: The Constitutional Case Against Exclusionary Zoning. 

Mayor Wu’s Commercial Property Tax Proposal: A Solution or a Snuff?

/in , /by Eileen McAnneny

Boston Mayor Michelle Wu is considering shifting more of the property tax burden onto commercial property owners as a way to close a potential budget gap of $1.4 billion by temporarily increasing the commercial property tax rate to 200 percent of the residential rate.  To do this, Mayor Wu would seek approval from the City Council and state legislature to allow Boston to temporarily exceed the 175 percent shift cap allowed by state law.  It would then be phased out over a four-year period by reducing the rate by 7.5 percent annually. When initially introduced, this local option higher property tax rate cap was intended to protect residential property owners from double-digit tax rate increases stemming from the steep rise […]

Transformative Medical Therapy Will Require New Cost-Benefit and Pricing Models

/in , , , /by Editorial Staff

Current regulations increase development and manufacturing costs, are a potential disincentive for investors   BOSTON – Gene replacement therapy (GRT) is a transformative medical technology. However, a new regulatory model and a pricing paradigm that fully accounts for its value will be needed to ensure its continuing development, according to a new paper published by Pioneer Institute. GRT treats diseases by using or modifying genetic material and is particularly useful for rare diseases.  The first gene therapy available in the US was approved six years ago. “Gene therapy may only have to be administered a single time to treat the root cause of a disease, as opposed to traditional medical treatments that can be needed for a lifetime,” said Anne […]