Wednesday, May 26, 2010

MA State Budget Browser

What does the budget look like at the State level? This email from MassBudget helps to dig into the details:
The Senate Ways & Means (SWM) budget proposal addresses a budget gap of close to $3 billion by recommending significant budget cuts and relying heavily on assistance from the federal government.  It does not include the Governor's tax reform proposals, or other new taxes.  Also unlike the Governor's proposal, it does not draw on the state "Rainy Day" fund.  It does, however, rely on some other temporary state revenue sources and some one-time savings.
As the state enters the third year of a severe fiscal crisis brought on by the national recession, the SWM budget proposes a third year of serious cuts across state government, including in human services and health care, the second year of deep cuts in local aid, and new cuts in both K-12 and higher education (which had been spared deep cuts in prior years largely because of funding from the federal stimulus law, officially known as the American Recovery and Reinvestment Act, or ARRA).
A new report, Budget Monitor: The Senate Ways & Means Fiscal Year 2011 Budget, examines the SWM budget by program area and describes how the spending levels compare to those proposed by the House and the Governor and to historic and current spending levels.
The full report is available here.

See MassBudget's 
Budget Browser to explore Massachusetts state budgets from Fiscal Year 2001 to the present, as well as current budget proposals offered by the Governor and the Legislature.

Franklin, MA

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