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Oct 26, 2016
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Oct 26, 2016
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Earlier in October, the Baker Administration identified an estimated midyear budget gap of $294 million. Today, Administration and Finance Secretary Lepore laid out the plan to close that gap and keep this year’s budget in balance. This brief outlines the causes of the budget shortfall and reviews…
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Oct 12, 2016
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Sep 19, 2016
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Sep 19, 2016
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This brief frames the final FY 2016 budget shortfall and takes a closer look at some of the factors that created the gap. It will also preview some of the solutions likely to be used to close the gap and outline possible implications for FY 2017.
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Aug 02, 2016
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Aug 02, 2016
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On July 31st the Legislature completed its budget override process for FY 2017, finalizing the years General Appropriations Act. In total the Legislature overrode $231.6 million of the $267.1 million originally vetoed by the Governor.
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Jul 13, 2016
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Jul 13, 2016
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The eventful final stages of the FY 2017 budget process are nearly complete. Last week, Governor Baker signed the Conference Committee budget after vetoing $267.1 million in spending and striking or proposing amendments to 60 budget sections. The legislature has until the end of July to take up…
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Jun 29, 2016
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Jun 29, 2016
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The FY 2017 Conference Committee report released yesterday reconciles the House and Senate budgets while assuming $750 million less in tax revenue than previous spending plans. This analysis outlines the Conference Committee plan for balancing the budget in light of reduced tax revenues and…
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Jun 19, 2016
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Jun 19, 2016
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With just days left in the fiscal year, tax revenues currently stand at $310 million below benchmark for FY 2016. This shortfall creates major challenges for ending the current fiscal year in balance and calls into question the accuracy of the tax revenue projection used to build the FY 2017…
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