The state’s stabilization (or “rainy day”) fund is designed to buoy the state through tough economic times, and it has certainly been used in the recent recession. This post will examine the set-up of the fund, the recent history of its use, and its future in getting the state through the Great Recession. The stabilization […]
An outline of the financial issues that will be front and center throughout the coming legislative session.
Observations about where Massachusetts stands in the crisis, how the state is responding, and how the cuts affects our local communities.
Although specific quantities are hard to predict even one year out, and the uncertainties multiply as one looks further, it seems fair to say that the state cannot meet any of its presently well-identified major unmet needs without making big changes — either in spending priorities or in broad-based tax revenues.
According to most commentators, across the spectrum, the FY2009 budget is tighter than in most years.
Comments on revenue reports.