House Bulks Up, Approves $49.7 Billion FY23 Budget
The House passed a $49.7 billion fiscal 2023 budget Wednesday evening after adding nearly $130 million in spending through seven mega-amendments over the course of three days.
The House passed a $49.7 billion fiscal 2023 budget Wednesday evening after adding nearly $130 million in spending through seven mega-amendments over the course of three days.
Acknowledging that surplus tax collections and federal aid have kept Massachusetts afloat through the darkest days of the pandemic, House leadership on Wednesday unveiled a nearly $50 billion budget for fiscal year 2023 that Speaker Ron Mariano said will reinvest in the state’s lower- and middle-class residents and gird the post-COVID economy for “tough times” in the future.
The details of the House budget won’t be fully known until Wednesday, but House Speaker Ron Mariano said Monday that his chamber is not going to propose tax relief or tax breaks as part of its plan for the fiscal year 2023.