... Revenue tailspin not strong enough to require corrected budget submission, Baker team says ...... Increase over first two weeks of June leaves tax revenues up 1.4 percent with two weeks left in fiscal year ...... Senate sends "amend and improve" bill to pot talks with the House ...... On pot, it's House's repeal-and-replace bill versus Senate's amend-and-improve proposal ...... Workforce development will be focus of $500 mil life sciences investment, Baker says ...... Baker: there's a "whole series of initiatives" to address fiscal 2017 revenue shortfall ...... Baker signs bill authorizing Somerville to borrow up to $50 mil to pay for costs of Green Line Extension ...... Unemployment rate rises for fifth straight month, state officials say labor force growing ...... ...
Latest Headlines:
House:
ADJOURNED 'til Friday at 11 a.m. (informal)
Senate:
ADJOURNED 'til Friday at 11 a.m. (w/out calendar)

LAWMAKERS SLAP TOGETHER ON-TIME BUDGET WITH LIMITED NEW $$$ [+ VIDEOS]

By Matt Murphy

STATE HOUSE NEWS SERVICE

STATE HOUSE, BOSTON, JUNE 29, 2016.....Responding to instability in the stock market that has shredded revenue estimates for next year, House and Senate leaders on Thursday will seek passage of a $39.15 billion budget accord for the fiscal year beginning Friday that slashes $750 million in projected revenue and $413 million in proposed spending from budget bills agreed to in April and May.

The (H 4450), reached on Wednesday by six House and Senate negotiators, preserves increases to local aid and school funding for cities and towns, as well as substance abuse programs, but leaves many agencies and programs receiving level funding or minimal increases as the page turns Thursday night from fiscal 2016 to fiscal 2017.


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