Gov. Maura Healey proposed increasing state spending to more than $62 billion next fiscal year, relying on burgeoning income tax collections from the state’s wealthiest and a slew of other budget-balancing strategies in a spending plan unveiled Wednesday.
budget
Posted inState Government
Amid budget uncertainty, Healey hits breaks on hiring
With some exceptions, all new Executive Branch hiring between April 3 and June 30 will need to be approved by the Executive Office of Administration and Finance based on time-sensitivity and the importance of positions, the office said.
Posted inState Government
Tax revenues kept sliding in January
Revenue Department officials said revenues in January came in 6.8 percent, or $263 million, below what had been forecasted for the month. For the first seven months of the fiscal year, revenues were 1.2 percent off forecasted levels.
Posted inState Government
House, Senate leaders tapping brakes on spending growth
Senate budget chief Michael Rodrigues of Westport was noncommittal when asked about Gov. Maura Healey’s plan to drain $700 million in surplus revenue funds to cover rising expenses this year and next year associated with the state’s emergency shelter system.
Posted inState Government
Final budget deal boosts revenue by $2.66 billion
LEGISLATIVE BUDGET writers vastly increased their estimate of how much tax revenue the state will get next year in order to fund the priorities of both the House and Senate in a $52.7 billion fiscal 2023 state budget that was released from conference committee Sunday evening. The House and Senate could vote on the budget […]
Posted inUncategorized
House spending plan prioritizes investments, ignores tax relief
HOUSE LEADERS ON Wednesday laid out a budget proposal that would spend significantly more than Gov. Charlie Baker proposed, swapping out Baker’s tax cut plan in favor of more investments in early education, housing, services for people with disabilities, and criminal justice reform. In a major policy shift, the House budget would require jails and […]
Posted inThe Download
House not looking to budget for tax reform
THE CENTERPIECE OF Gov. Charlie Baker’s budget proposal in January was a bill to give Massachusetts taxpayers $700 million in tax breaks – with breaks for seniors, renters, low-income taxpayers, parents of dependent children, and anyone forced to pay the estate tax or tax on short-terms capital gains. Don’t expect the same when the […]
Posted inUncategorized
House not looking to budget for tax reform
THE CENTERPIECE OF Gov. Charlie Baker’s budget proposal in January was a bill to give Massachusetts taxpayers $700 million in tax breaks – with breaks for seniors, renters, low-income taxpayers, parents of dependent children, and anyone forced to pay the estate tax or tax on short-terms capital gains. Don’t expect the same when the […]
Posted inUncategorized
Walsh, council in budget showdown
THE BOSTON CITY COUNCIL and Mayor Marty Walsh are in a high-stakes budget standoff fueled by the pandemic, policing issues, and political positioning a year ahead of a mayoral election. The council is scheduled to convene on Wednesday for its final meeting before the city’s fiscal year ends on June 30, with some councilors threatening […]
Posted inPolitics
Baker tries to nudge House and Senate toward agreement
GOV. CHARLIE BAKER has seen House Speaker Robert DeLeo’s offer of a barebones closeout budget deal to break a logjam on Beacon Hill and, like any confident poker player, raised the stakes a bit to pay for priorities that aren’t strictly speaking deficiency spending. After a private meeting on Monday between Baker, DeLeo, Senate President […]