Thursday, July 5, 2012

What is in the Legislature's Budget Proposal

MassBudget    Information.
 Massachusetts Budget and Policy Center    Democracy.
The Legislature's Budget Proposal
Last week, the House and Senate approved a budget for FY 2013. Though the Governor may still veto parts of the proposal, this budget includes most of the provisions that will make up the final budget.

There will be no revenue from new taxes in the FY 2013 budget. Instead, as MassBudget's Budget Monitor shows, Massachusetts will fill its roughly $1.3 billion budget gap through a combination of temporary revenue, cuts, and savings. This includes:
  • $615 million in temporary revenue, $350 million of which comes from the "rainy day" fund
  • Significant cuts and savings in Health Care, Homelessness Prevention, Early Education, and elsewhere
Our Budget Monitor shows how the Legislature's budget would affect each major area of state government, from health care and education to public safety and the environment--including information on tax revenues.

Read The Legislature's Budget for FY 2013
The Massachusetts Budget and Policy Center (MassBudget) produces policy research, analysis, and data-driven recommendations focused on improving the lives of low- and middle-income people, strengthening our state's economy, and enhancing the quality of life in Massachusetts.

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