Fed Reimbursements, Rainy Day Fund Help House Drive Up Budget Bottom Line
4/14/21 4:00 PM
House Democrats on Wednesday put forward a state budget proposal that would spend $47.65 billion while avoiding service cuts or tax hikes on individuals, an approach made possible by higher-than-expected tax receipts, a change in a key federal reimbursement and a sizeable withdrawal from the state's rainy day fund.
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