Massachusetts Budget and Policy Center has published analysis of the budget proposals --
Preliminary Analysis: The Senate Ways and Means FY 2010 Budget
May 13, 2009
The Senate Ways and Means (SWM) budget seeks to close a budget gap of approximately $5 billion. This gap is $1.5 billion larger than the gap the House and Governor confronted. The budget gap has grown because the national economic crisis has led to larger declines in state revenue than had been anticipated when the original revenue estimates for the upcoming fiscal year were developed in January.
The SWM proposal relies on close to $1.5 billion in federal stimulus funds and about $500 million in reserves (including both withdrawals from and a forgone deposit into the Stabilization Fund). This budget does not include new broad-based taxes and instead imposes over $2.5 billion in cuts and spending reductions, affecting almost everything government does, including public safety, education, health care and human services, environmental protection, libraries and parks, and our infrastructure. The SWM budget recommends cutting local aid, for example, by $487 million (36 percent) from the amount originally appropriated in the General Appropriation Act (GAA) for Fiscal Year 2009. More Information
2 comments:
Cuts they should be making still havent been made.So much of this was caused by Romney.
This is all the more reason we cant aford expanded gambling.As you pointed out,no state with legalized gambling has lower taxes.Where does it end?
Post a Comment