Massachusetts
Massachusetts Outmigration Up By 1,100 Percent Since 2013
![Massachusetts Outmigration Up By 1,100 Percent Since 2013 Massachusetts Outmigration Up By 1,100 Percent Since 2013](https://townsquare.media/site/518/files/2024/06/attachment-GettyImages-1741702.jpg?w=1200&q=75&format=natural)
Massachusetts and Rhode Island are among the top 15 states for outmigration. That means folks are heading for the exits, and in most cases, taking their money with them.
According to Yahoo Finance, the population of Massachusetts declined by 0.1 percent between 2021 and 2022, ranking the state at 13th in the top 15 “fastest declining” states in the U.S. Rhode Island ranked ninth as the Ocean State’s population dropped from 1,096,958 in 2021 to 1,093,734 in 2022, a 0.3 percent decline.
Fox Business says, “Massachusetts is in danger of losing nearly $1 billion in annual revenue over the coming years as high state taxes trigger an exodus of wealthy residents.”
The network reports, “Since 2013, migration out of Massachusetts has seen an ‘alarming’ 1,100% increase to more than 39,000 people, according to new findings published by Boston University’s Questrom School of Business.”
Massachusetts Outmigration Up By 1,100 Percent Since 2013
BU’s study summarizes that “Massachusetts’ competitive advantage to attract, retain, and grow its population and workforce is slipping.” The report says, “Outmigration from the Commonwealth is accelerating at an alarming rate” and that “the decision by individuals and families to move from one state to another is multifactional.”
The university’s study attributes the sharp increase in outmigration to such factors as “level of income tax, housing and healthcare cost.” It says, “Increased mobility, choice, and remote work are adding to outbound migration.”
“The financial impact in lost adjusted gross income and income tax revenue is in the billions of dollars,” according to the report.
Fox Business says, “The Bay State has already lost $821 million in income tax revenue since 2011.”
Florida and New Hampshire are the top destinations for people fleeing Massachusetts. Other popular destinations include Maine, North Carolina, and Texas. Fox says, “About half of the residents who left Massachusetts remained in New England.”
Read the Boston University’s Questrom School of Business report on the impacts of outmigration on the Commonwealth here.
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Massachusetts
Communities worried about care after Steward closes 2 Massachusetts hospitals
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Massachusetts
Massachusetts State House working last minute to pass bills ahead of Wednesday deadline
![Massachusetts State House working last minute to pass bills ahead of Wednesday deadline Massachusetts State House working last minute to pass bills ahead of Wednesday deadline](https://assets2.cbsnewsstatic.com/hub/i/r/2024/04/19/760bef22-4ffd-46f3-b59d-82cce834c670/thumbnail/1200x630/d853649a0c4b7f92c0bdde4948efc0ef/statehouse.jpg?v=5501038cbc281520ff9fdc308faab7dc)
BOSTON – The Massachusetts State House is typically quiet on Fridays but not this week, as state lawmakers work to push major pieces of legislation to the governor’s desk, including a possible return of Happy Hour.
“This place is going to be buzzing”
“I think for the next five days, this place is going to be buzzing,” State Sen. Barry Finegold told WBZ-TV from his Statehouse office. Buzzing with fellow legislators, lobbyists and stressed-out staffers racing to beat the Wednesday deadline. “We’re very hopeful that it’s going to get done.”
Republican State Rep. Marc Lombardo is frustrated by the procrastination, pointing to the House, Senate and corner office being dominated by Democrats. “It’s a tornado of activity that really doesn’t have to wait until the last week of July,” he said.
The House and Senate have until Wednesday to hammer out their differences on key bills. Bills that don’t get voted out of conference committee essentially “die” on Beacon Hill.
Finegold heads the Joint Economic Development Committee, working on a multi-billion-dollar package that could pave the way for a new soccer stadium in Everett for the New England Revolution.
Will Happy Hour come back to Massachusetts?
How about bringing Happy Hour back to Massachusetts?
“We’re hopeful to get that passed as well,” Finegold explained. “We do have a lot of younger people in our city and throughout Massachusetts and we want to do things that we think they’ll like.”
While Rep. Lombardo can see how this could help the economy, he’s not a fan of the last-minute rush to the finish line.
He said lawmakers are “expected to read bills very quickly as they come out of conference committee…hundreds of pages of documents and yet forced to get a vote because we’ve waited to the last moment to put things on the floor.”
Complex legislation, packed with all sorts of line items.
The CEO of Boston Pads is watching the housing bill closely as lawmakers debate whether or not to ban broker’s fees for renters.
“These agents spend a lot of timing calling all day. It’s not uncommon for them to show an apartment at eight or even nine o’clock at night,” said Demetrios Salpoglou.
It’s a vote that he said could have crippling impacts on the real estate industry in Massachusetts.
This is just a glimpse of the mad rush and closed-door negotiations at the State House.
“This is what it takes,” Finegold said. “We have to get things done.”
Massachusetts
Massachusetts city named among best places in America for families to live
A Massachusetts city has been named among the 50 best places in America for families to live in 2024.
In assembling its “50 Best Places to Live for Families 2024″ ranking, Fortune says it analyzed more than 2,000 cities and reviewed nearly 200 data categories across five main themes including education, resources for aging adults, general wellness, financial health, and livability.
“This ranking focused on the best places for families, many of whom are shouldering the responsibilities of raising their own children while caring for aging parents,” Fortune said of its methodology. “As the retirement dream is unraveling for many older adults who don’t want to leave the workforce or can’t afford to, finding a place to live that provides a strong job market has never been more critical.”
The cities and towns that made Fortune’s list are described as ones “where multigenerational families can thrive.”
Somerville cracked the top 15 on the list, checking in at No. 11. Other New England cities were recognized as well:
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10. Portsmouth, New Hampshire
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17. South Portland, Maine
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29. South Burlington, Vermont
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32. Stamford, Connecticut
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47. Providence, Rhode Island
Silver Spring, Maryland, was named the very best city for families to live.
For more on Fortune’s ranking, click here.
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