... 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)

STATE CLOSES OUT LAST FISCAL YEAR WITH BIG INFUSION OF $$$ FOR MASSHEALTH

By Katie Lannan

STATE HOUSE NEWS SERVICE

STATE HOUSE, BOSTON, OCT. 6, 2016....Gov. Charlie Baker on Thursday signed a $187.5 million spending bill closing the books on the 2016 fiscal year and authorizing a grab of up to $60 million in Convention Center Fund revenues to help balance last year's budget.

Signed 98 days following the conclusion of a fiscal year where tax collections fell far short of overly optimistic assumptions, the supplemental budget includes $91 million of the $111 million in budget-balancing solutions recommended by Baker, according to the Massachusetts Taxpayers Foundation. The use of Convention Center Fund money for general purposes is the largest of those fixes and has sparked debate over whether Baker will remain dug in on his opposition to the Boston Convention and Exhibition Center expansion.


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