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Understanding the Trends in Massachusetts’ Sin Tax Revenues
/in Blog: Transparency, News /by Matt MulveySin Taxes, which are taxes on goods and services that are considered harmful or immoral, have brought in a significant amount of revenue for Massachusetts.
Property Tax Reassessment: Beleaguered Buildings Bear Burden of Boston’s Burgeoning Budget
/in Featured, News, Podcast Hubwonk /by Editorial StaffJoe Selvaggi talks with Marty Walz, the interim president of the Boston Municipal Research Bureau, about more viable, long-term alternatives to Mayor Wu’s property tax classification proposal.
Increasing Number of Retirees Driving Pension Expenditures
/in Blog, Blog: Better Government, Blog: Pensions, Blog: Transparency /by Raif BoitPension expenditures in the two largest public pension systems are on the rise in Massachusetts, so it’s important to understand the factors behind the growth in annual payouts, including an increasing average pension and an increasing number of retirees.
Where Does Massachusetts’ Pension Money Go?
/in Blog: Pensions, Blog: Transparency /by Matt MulveyBillions of dollars went to retirees in 2023 from the state’s two largest pension funds. Not unexpectedly, the data show that the amount of money given to a specific retiree may depend on many factors outside of where the retiree used to work.
Pioneer Institute Statement on the Project Labor Agreement Provision in the Massachusetts Economic Development Bill
/in Economic Opportunity, Economic Opportunity, Featured, Massachusetts Economy, News /by Editorial StaffGovernor Healey should veto a provision in the recently passed economic development bill that would ease restrictions on public entities seeking to use project labor agreements on public works or building projects. PLAs require that all trade labor on a project come from unions, essentially locking out the nearly 82 percent of Massachusetts construction workers who choose not to affiliate with a union. Such a provision reduces competition and, in turn, raises costs. A 2021 RAND report on the effects of PLAs on affordable housing production in Los Angeles found a 14.5 percent increase in construction costs for projects subject to PLAs. RAND also found that without PLAs approximately 800 additional units of housing (an increase of 11 percent) could […]