Tuesday, September 18, 2012

MassBudget: Analyzing the FY 2013 Budget

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 Massachusetts Budget and Policy Center    Democracy.
Analyzing the FY 2013 Budget
At the beginning of this budget season, MassBudget calculated that Massachusetts would face a deficit of roughly $1.3 billion in FY 2013. Our final Budget Monitor shows that the budget gap was filled through a combination of temporary revenue, cuts, and savings. These include:

  • $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 & Care, and elsewhere

There is no revenue from new taxes in the FY 2013 budget. Of all the competing budget proposals, only the Governor's had included provisions for new taxes.

Looking across the FY 2013 budget as a whole, our Budget Monitor shows how the budget will affect each major area of state government, from health care and education to public safety and the environment--including information on tax revenues.

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.

BOSTON, MA 02108
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Massachusetts Budget and Policy Center | 15 Court Square | Suite 700 | Boston | MA | 02108

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