Senate leaders are proposing to spend $1.3 billion less next fiscal year than the House authorized in its budget passed earlier this month, Senate officials said Tuesday.
The draft budget cuts $439 million from Beacon Hillâ€™s aid to cities and towns and wrestles with a fiscal crisis marked by a prolonged plunge in state revenues by making deep spending reductions and leaving the door open to heavy tax hikes. Read more
When Mayor Thomas Menino unwrapped last yearâ€™s city budget, he touted its stability and a host of reconstruction projects.
This year, not so much. If anything, this yearâ€™s city budget is highly unstable as state revenues continue to plunge and policymakers have yet to see a bottom. The stateâ€™s House of Representatives was set to unveil this week a fiscal 2010 budget even more austere than the governorâ€™s version, with deeper cuts in services and none of the tax increases both Governor Deval Patrick and Menino have pushed for. Read more