Gov. Maura Healey appealed to business leaders and legislators to support her $55.5 billion state budget proposal as a means to protect Massachusetts’ economy from an exodus of residents and businesses.
State budget writers agreed Monday to build fiscal year 2020 budget plans on the assumption that state tax revenues will grow by 2.7 percent over the current fiscal year.
The lead budget negotiator for the House downplayed animosity between his branch and the Senate on Thursday as the Legislature departed Beacon Hill for the weekend without a deal in place to fund state government for the fiscal year that began on Sunday.
Despite dire warnings from the Baker Administration about overly optimistic tax collection estimates used to build this year’s $39.1 billion state budget, the first month of the new fiscal year ended in the black, with receipts beating benchmarks by $7 million, according to revenue officials.
