Massachusetts Governor Deval Patrick today released his FY 2014 budget proposal. WAMC’s Berkshire Bureau Chief Lucas Willard reports that the Governor is planning to invest in three key areas: education, innovation, and infrastructure.
Governor Patrick’s $34.8 billion budget proposal follows his State of the Commonwealth speech last week where he called for more investment in transportation including streamlining public transportation and improving roads and bridges, as well as a significant boost to education spending.
WASHINGTON (AP) -- With tacit support from President Barack Obama, House Republicans are moving to try to defuse a potential debt crisis with legislation to prevent an economy-rattling fiscal crisis for at least three months.
The GOP legislation marks a tactical retreat by House Speaker John Boehner, R-Ohio, who is eager to avoid a potential first-ever default on U.S. payment and debt obligations as he wrestles with Obama and his Democratic allies over taxes, spending and the deficit.
ALBANY, N.Y. (AP) — Gov. Andrew Cuomo is set to detail his budget proposals for the state's 2013-2014 fiscal year beginning April 1.
He's expected to propose about $132 billion in spending and attack a deficit of at least $1 billion as the state deals with the aftermath of superstorm Sandy and tax collections lagging behind projections.
State lawmakers in Berkshire County are asking Massachusetts to hold onto its recently announced fiscal surplus, to use only in case of emergency. WAMC’s Berkshire Bureau Chief Lucas Willard reports…
State financial officials announced last week that the Commonwealth is facing a $116 million surplus in last year’s FY 2012 budget. When desposited into the state’s so-called “Rainy Day Fund”, it brings that amount to over 1.6 billion dollars. That makes Massachusetts a state with one of the largest cash reserves in the country, only behind Texas and Alaska.
The proposed 2013 budget for the city of Plattsburgh has been released. The Mayor says “lack of meaningful reform” in Albany and an “underperforming pension fund” made it one of the most difficult to craft since he has been in office.
The city council in Springfield Massachusetts has taken steps that will lead to the reopening of three branch libraries that closed because of budget cuts. But it is a stopgap measure that has library supporters looking for long term funding solutions. WAMC”s Pioneer Valley Bureau Chief Paul Tuthill reports.
The Massachusetts State Lottery this week reported record sales and net profit. It means more money should be available for future distribution to cash strapped cities and towns across the state. WAMC”s Pioneer Valley Bureau Chief Paul Tuthill reports.
Murphy’s Pop Shop in Springfield’s East Forest Park neighborhood is one of the top lottery sales agents in Massachusetts. Owner Patrick Murphy said his business was off due to the natural disasters that befell Springfield, but he’s not surprised lottery sales statewide during the last 12 months hit a record.