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 …
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Budget
budget and local aid updates, community preservation act, financial outlook, local aid policy, priorities/requests, resources, revenue, taxes
How “tight” is the FY2009 state budget?
According to most commentators, across the spectrum, the FY2009 budget is tighter than in most years.
How have the major categories of state spending grown over time?
Analysis of state spending trends by major category.
What are the major sources of revenue that support budgeted expenditures?
Taxes, fees, lottery profits and grants from the federal government comprise the bulk of the available revenue for budgeting.
Governor’s budget, FY2009
The Governor’s budget honors the commitments made two years ago to continued growth in Chapter 70, including bringing all communities up to at least 17.5% of the foundation budget over a five year period, but it level funds additional assistance and it cuts lottery aid by 13.3%. The budget proposes to replace the 13.3% lottery aid cut with casino revenue.
What entities and activities does the legislature budget for annually?
In the annual budget of the Commonwealth, the legislature provides for the primary governmental activities of the Commonwealth, the legislative, executive and judiciary branches.