An Act to promote budget transparency and the public’s right to know

This bill requires the state treasurer and secretary of the Commonwealth to publish an annual report on their website by March 15, detailing how much state income tax residents pay to the federal government and how those funds are spent. The report must compare federal spending in categories like housing, education, and healthcare with the state's own budget allocations for similar areas, using data from the Congressional Budget Office. To make the information easier to understand, the bill mandates that these financial comparisons be presented visually using pie charts or bar graphs. Additionally, the report must clarify that Medicare and Social Security are funded through trust funds rather than direct income taxes and highlight federal funds returned to Massachusetts.