spending

The reality is that non-price factors, including several players, are causing net prices to decline and retail prices to increase. Those players include employers, health plans, and pharmacy benefit managers (PBMs), all of whom have continuously circumvented the system through loopholes and complicated systems of reimbursement that tend to hurt patients

The Commonwealth’s tax collections continue to slide, totaling $3.594 billion in January, $268 million below what the state collected in January 2023, and short of the revised benchmark by $263 million. Massachusetts state government must live within its means by reducing FY2025 spending. The days of fiscal surpluses, unprecedented increases in year-over-year spending, and flowing federal aid have come to an end.

Since the start of FY2024 on July 1, 2023, the state has experienced six straight months of revenues falling short of expectations. The single biggest factor is the unprecedented growth of the state budget since FY2021. The $15 billion increase in state spending contextualizes the seemingly modest projected revenue growth of 1.6 percent for FY2024 by highlighting that the base is very inflated.

Culture and Recreation are among the most important services needed for the wellbeing of a community. Parks are grounds for socializing, playtime and community events and give residents the opportunity to build community spirit. The same goes for Cape Cod; but towns...

College sports have long been a major and growing attraction at universities across the country. Their rising prominence on campuses nationwide, however, has not come without costs. As their popularity has grown, college sports have taken on a business-like culture. Athletic departments...

Yesterday, the Statehouse News Service reported that UMass President Marty Meehan announced UMass needs to cut $11 million because the Legislature did not include this sum in their supplemental budget bill.  Meehan is upset that his lobbying efforts did not yield state...