Overview of the Governor’s Budget

Quite appropriately, Governor Patrick’s Fiscal 2015 budget continues and extends the priorities he has defined together with the legislature over the past 8 years.  It does not propose major new initiatives. Total proposed Fiscal 2015 budgetary spending is $36.4 billion — up $1.7 billion or 4.9% over projected Fiscal 2014 budgetary spending.  This growth is …

Understanding the Governor’s Budget Presentation

The Patrick Administration deserves great credit for its efforts to make its budget as transparent as possible.  Nonetheless, a 46 billion dollar spending program is intrinsically complex, so here are answers to a few questions that I found myself asking as I worked through the presentation. How big is the budget? The financial statement section shows proposed …