Five Things to Know About Next Year's Proposed State Budget
The bill increases public aid while not raising taxes.
The House and Senate overwhelming passed a $32.5 billion budget last week and Gov. Deval Patrick has until July 8 to review and sign it, or to issue vetoes. The thrust of the bill is to shore up aid to public programs while at the same time not increasing the burden to taxpayers. Overall, the 2013 budget is about 3 percent higher than this year's, but considerably tighter than previous recent years. Here are some of the bill's highlights: 1. It includes no new taxes or fees. Instead, $516 million will be taken from existing funds, including $350 million from the state's rainy day fund, leaving it over a billion dollars in the black. Still, that's down from the $2.2 billion it had in 2008. 2. It tightens welfare. The bill would limit the …
