Baker to raid trust funds to finalize last year’s budget

in

Jul 8 2017

By Andy Metzger and Michael P. Norton, State House News Service / The Dedham Transcript

The Massachusetts Taxpayers Foundation in June predicted that trust fund balances might be eyed to plug holes in the state budget. “About $200 million in trust fund sweeps were used to closeout FY 2016 and will likely be part of the approach to end FY 2017 in balance; however, because trust revenues have been relied upon so heavily in recent years it means that fewer are available for use in FY 2018,” the foundation reported.
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