Preliminary Analysis: Conference Committee Fiscal Year 2012 Budget

Explore our online budget database Is our research helpful to you? Support our work Contact Info   Noah Berger   President    nberger@massbudget.org   (617) 426-1228 x102  Preliminary Analysis: Conference Committee Fiscal Year 2012 Budget July 1, 2011  On the first day of the new fiscal year, the Legislature today approved the Fiscal Year (FY) 2012 budget.   Like the House and Senate budgets, the version crafted by the conference committee relies primarily on cuts and savings to close a $1.9 billion budget gap.  It also relies on some temporary revenues including approximately $200 million from the state's rainy day fund.    This Preliminary Analysis describes major items of difference between the House and Senate budget proposals and how they were resolved.  It also reviews funding levels for major items in the budget where the House and Senate had not disagreed, and provides information about revenue issues in the budget.   The Governor now has ten days to sign the budget and veto provisions or funding levels with which he disagrees.  The legislature will then have the opportunity to override any of those vetoes with a two-thirds vote in both the House and Senate The report is available at www.massbudget.org or by clicking here.     See MassBudget's Budget Browser to explore Massachusetts state budgets from Fiscal Year 2001 to the present, as well as budget proposals for the next fiscal year as they are offered by the Governor and the Legislature.     MassBudget provides independent research and analysis of state budget and tax policies, as well as economic issues, with particular attention to the effects on low- and moderate-income people.

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