|Last Wednesday, the House Committee on Ways and Means (HWM) released its budget proposal for Fiscal Year 2013. |
Our Budget Monitor shows how the HWM budget affects each major area of state government, from health care and education to public safety and the environment--including information on tax revenues. It also compares the HWM budget with the Governor's across these same areas.
Facing a budget gap of roughly $1.3 billion, the House Ways and Means Committee proposes a combination of one-time revenues and spending reductions, including:
For further details and analysis, read our BUDGET MONITOR
- Cuts and savings of nearly $600 million, half of it from MassHealth
- Temporary revenues worth $685 million--$400 million of which is drawn from the "rainy day" fund.
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