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First Look: The Senate Ways and Means Budget |
This morning, the Senate Ways and Means Committee released its budget proposal for FY 2013. MassBudget's First Look provides a preliminary analysis of the major initiatives and the effect on key programs.
To address the $1.3 billion deficit facing the state, the Senate Ways and Means budget (SWM) uses a combination of cuts, savings, and one-time revenues. Notably:
- The Senate Ways and Means Budget relies more heavily on cuts and savings than either the House budget or the Governor's budget.
- Unlike the Governor's budget--but like the House--the SWM budget does not include revenue from new taxes.
Read A FIRST LOOK: THE SENATE WAYS AND MEANS FY13 BUDGET |
MassBudget provides independent research and analysis of state budget and tax policies--with particular attention to the effects on low- and moderate-income people.
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