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

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.