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The state House has approved a plan to use the hundreds of millions in interest spun off the Rainy Day fund to compete for federal funding and help pay the Commonwealth’s bills.
“With over $17 billion in federal grants out there for us to compete for and win, we have to be aggressive. We know other states will go after the money if we don’t,” Administration and Finance Secretary Matthew Gorzkowicz told the committee.
Today, Governor Charlie Baker released his Fiscal Year 2023 (FY2023) budget recommendations. This is the unofficial start of “budget season” in Massachusetts that will culminate with a ...
The release of the $48.5 billion Governor’s budget comes at a time when the state is bringing record amounts of revenue. FY2021 ended with a multi-billion dollar surplus. The current fiscal year is continuing to see monthly revenue receipts exceed monthly estimated amounts.