October 17, 2019
PUBLIC FINANCE > Budget

House uses FY19 surplus to shore up reserves and pad ed spending

Colin A. Young and Chris Lisinski ,

State House News Service / MassLive

Wednesday's session did not unfold without tension. Rep. Maria Robinson filed an amendment that would have stripped a section of the bill that decouples Massachusetts from the federal tax code, citing a Massachusetts Taxpayers Foundation analysis that the change could cause the state to forego up to $37 million in fiscal year 2020 revenue by allowing corporations to continue deducting interest.