Administration Releases $2.19 Billion Fiscal Year 2017 Capital Budget Plan
BOSTON – On May 19, 2016, the Baker-Polito Administration released the Fiscal Year 2017 (FY17) capital plan, including a $2.19 billion bond cap on General Obligation Bonds. Significant resources in FY17 will be invested in affordable and workforce housing, transportation projects and various grant programs to support municipalities across the state. The plan also attracts substantial federal, local, private and other sources of funding, maximizing the leverage of the Commonwealth’s capital resources.
Governor Baker Releases Fiscal Year 2017 Budget Proposal
The Baker-Polito Administration filed its budget proposal for Fiscal Year 2017 (FY17), known as “House 2,” which continues the multi-year effort of bringing state spending in line with revenues, significantly reducing the state’s reliance on one-time solutions, and budgeting for a sizable deposit into the stabilization fund. The administration’s plan recommends key investments in education, local aid, addressing substance misuse, workforce development, transportation, and the Department of Children and Families (DCF), all without raising taxes or fees.
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