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Fed Reimbursements, Rainy Day Fund Help House Drive Up Budget Bottom Line

House Speaker Ronald Mariano (right) and Ways and Means Chairman Aaron Michlewitz briefed reporters Wednesday morning in the State House library about their $47.65 billion fiscal 2022 spending plan. [Sam Doran/SHNS]

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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