May 06, 2020
PUBLIC FINANCE > Budget > FY 2021

Biz group floats idea of delaying ed funding law

Colin Young ,

The Lowell Sun

"It seems highly likely that the fiscal 2021 budget will be most difficult in recent memory," Massachusetts Taxpayers Foundation President Eileen McAnneny wrote in a letter to Ways and Means Chairmen Sen. Michael Rodrigues and Aaron Michlewitz and Administration and Finance Secretary Michael Heffernan, the chief architects of the forthcoming fiscal 2021 budget. "Despite the incredible efforts made in recent years to improve the education funding formula, maintain our commitment to amortizing the unfunded pension obligation by fiscal 2037, and building up the Commonwealth's 'rainy day' fund, you face an array of hard choices on these items and others as you work to balance the budget."