Massachusetts’ budget increased, cumulatively, less than pop+inf in state funds but more than pop+inf in all funds from 2013-22.



State Funds Budget Data
- Estimated 2023 State Funds Budget ($ Billions): $53.78
- Budget Limit ($ Billions): $56.40
- Budget Limit Growth ($ Billions): 4.89%
- Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: ($660.97)
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: ($2,644)
- Cumulative cost per person of budgeting more than pop+inf over the last decade: ($7,158.39)
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: ($28,633.57)
State All Funds Budget Data
- Estimated 2023 All Funds Budget ($ Billions): $77.66
- Budget Limit ($ Billions): $81.45
- Budget Limit Growth ($ Billions): 4.89%
- Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: $1,666.09
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: $6,664.37
- Cumulative cost per person of budgeting more than pop+inf over the last decade: $427.44
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: $1,709.75
Other Considerations
- Economic Freedom (2020) (Rank): 26 [Fraser Institute]
- State Tax Collections Per Capita (FY2021) ($): $5,202 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 7 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $9,405 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 11.50% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 37 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 9.00% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 28 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): P [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 34 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 8.00% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 12 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 6.25% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 36 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 1.14% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 18 [Tax Foundation]
- Tax and Expenditure Limit (0-3): 1 [American Legislative Exchange Council]
- Tax and Expenditure Limit (Rank): 15 [American Legislative Exchange Council]
- Right-to-Work Law (2022) (Y/N): N [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $17,065 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 45 [US Government Spending]
- Official Poverty Rate (2020-22) (%): 8.5 [Census Bureau]
- Official Poverty Rate (2020-22) (Rank): 10 [Census Bureau]
- Supplemental Poverty Rate (2020-22) (%): 8.3 [Census Bureau]
- Supplemental Poverty Rate (2020-22) (Rank): 23 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 64.70% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 13 [Bureau of Labor Statistics]