"The Massachusetts House Thursday night passed a massive, wide-ranging economic development bill that infuses $4.2 billion into the state economy in the form of tax relief, investments in health care and environmental programs, and support to businesses, as well as a slew of policy changes and earmarks for local projects and programing.
The bill would be paid for by a combination of $2.8 billion in federal American Rescue Plan dollars and expected state surplus money, and $1.4 billion in money the state borrows through bonds.
Much of the spending is meant to target “communities that were hardest hit by the pandemic,” Representative Aaron Michlewitz, a North End Democrat who is the House’s budget leader, said while presenting the bill Wednesday morning. “This is a well-rounded spending package that will help support major sectors of our economy and help us be more competitive with other states.”
"TWO WEEKS INTO the fiscal year, legislative budget writers have reached an agreement on the fiscal 2023 state budget.Ways and Means chairs Rep. Aaron Michlewitz and Sen. Michael Rodrigues issued a joint statement Thursday evening saying House-Senate negotiators have “reached an agreement in principle” resolving the differences between the House and Senate versions of the budget.“Staff are currently working to complete the work necessary to finalize the agreement,” Rodrigues and Michlewitz said. “We anticipate a Conference Committee Report being filed in the coming days to ensure that the House and Senate can consider the report on Monday in formal session.”
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| Beacon Hill Updates: MA House passes economic development bill; agreement in principle reached by conf cmte on State budget |
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