Governor Baker Signs Fiscal Year 2017 Budget
Governor Charlie Baker signed the Fiscal Year 2017 (FY17) budget into law on Friday July 8, 2016, providing a second consecutive year of increased state support for local aid, education and opioid abuse prevention services and without raising taxes or drawing down on the stabilization fund despite lower than expected tax revenues. The Baker-Polito Administration’s fiscally responsible plan represents spending growth of 1.3% and keeps spending in line with recently adjusted revenue predictions for the upcoming fiscal year. The $38.92 billion Fiscal Year 2017 budget makes critical investments in several core state services, our communities’ infrastructure and schools. The administration also filed a $177 million net supplemental budget today to address underfunded accounts and fully fund opioid abuse prevention services for the coming year.
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.
As an integral part of a year-long Regulation Review Project, we welcome and encourage the citizens of the Commonwealth to voice their regulatory suggestions and observations. Please visit our Regulatory Review web page for a list of Listening Sessions, public comments received, and a link to all Commonwealth Regulations. You may use our form to provide your feedback.
Please know that all feedback is appreciated and will be read and included in future regulatory discussions.