Massachusetts State Budget

New England News
6:31 pm
Fri April 18, 2014

Report Offers Suggestions On Easing Student Debt Burden

Credit 401(K)2013/Flickr

As college student loan debt continues to climb nationally, lawmakers in Massachusetts are proposing some ways to help.

A subcommittee of the  legislature’s Joint Committee on Higher Education approved a report this week that contains nine recommendations including trying to decrease the time it takes to earn a college degree, increase state aid, and require all Massachusetts high school students to take a financial literacy course.

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New England News
12:58 pm
Fri April 11, 2014

Massachusetts House Leaders Propose Leaner Budget Than Gov. Patrick's

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The Massachusetts House Ways and Means Committee released its proposed state budget this week. It calls for slightly less spending than the $32.6 million budget proposed by Governor Deval Patrick.   WAMC’s Pioneer Valley Bureau Chief Paul Tuthill spoke with State Representative Stephen Kulik of Worthington, who is vice-chair of the committee.

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New England News
12:47 pm
Mon December 16, 2013

Rising Tax Collections Forecast For Massachusetts

Credit wikipedia commons

Experts have told Massachusetts state budget writers to expect modest growth in tax collections next year as the state’s economy and employment continue to grow.  If the forecasts are correct it should mean enough funding for legislative priorities such as local aid and education without  need for tax increases.

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New England News
6:03 am
Mon July 15, 2013

Mass. Lawmakers Weigh Key Financial Matters

Lawmakers in Massachusetts face several key financial decisions this week.

The Legislature is expected to take up an amendment proposed by Gov. Deval Patrick to a transportation finance bill that would allow the state's gasoline tax to rise if tolls on the western portion of the Massachusetts Turnpike are taken down as scheduled in 2017.

Legislative leaders have said they oppose the amendment, while Patrick says he will veto the transportation bill unless the change is made.

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New England News
6:40 am
Tue July 2, 2013

Lawmakers Approve $34B Mass. Budget

A Massachusetts state budget is headed to Governor Deval Patrick's desk after lawmakers approved the $34 billion spending plan Monday afternoon.

The budget includes additional state aid for cities and towns and enough funding for the University of Massachusetts to avoid a tuition increase in the upcoming academic year.

The House voted 123-29 and the Senate 36-3 to accept the compromise spending plan worked out by a six-member conference committee over the past several weeks.

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New England News
3:32 pm
Wed April 10, 2013

Massachusetts House Panel Issues State Budget Recommendation

The  Massachusetts House Ways and Means Committee on Wednesday approved a $33.8 billion state budget that boosts spending on higher education and local aid.

The proposed budget is $ 1 billion less than what Governor Deval Patrick recommended. Committee vice-chair  Democrat Stephen Kulik of Worthington says the only new taxes are the ones approved by the full house earlier this week for transportation.

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New England News
6:13 pm
Thu December 6, 2012

Mass. groups concerned with cuts to local aid

Amid the uncertainty of the fiscal cliff and declining state revenues, this week Massachusetts Governor Deval Patrick proposed a series of mid-year budget cuts to close a half-billion dollar gap in state funding. WAMC’s Berkshire Bureau Chief Lucas Willard spoke to some that are concerned about the cuts.

Governor Patrick used his authority to propose emergency cuts in the state’s budget to close a $540 million gap in funding. And many are hoping that some of the governor’s planned cuts can be avoided.

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New England News
6:13 pm
Wed December 5, 2012

Fiscal Cliff Impact Would Be Dire On Massachusetts Budget

Mass. Secretary of Administration and Finance, Jay Gonzalez speaks about the
Credit WAMC

The Patrick Administration’s top budget official warns failure to avert the “fiscal cliff” in Washington will seriously harm the Massachusetts state budget.  WAMC’s Pioneer Valley Bureau Chief Paul Tuthill reports

If the country goes over the so-called “ fiscal cliff” Massachusetts could lose $300 million in tax revenue this fiscal year and $1 billion dollars next year. It would also cost the state $200 million in federal funding that helps pay for a variety of programs according to the Massachusetts Secretary of Administration and Finance Jay Gonzalez.

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