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.
Catch up on Back Taxes
Massachusetts Department of Revenue (DOR) is currently conducting the 2016 Tax Amnesty Program until May 31. This is an opportunity for both individuals and businesses to to catch up on back taxes and save on penalties. The goal of the tax amnesty program is to bring those taxpayers who have failed to file returns or have underreported their taxes into compliance.
- File delinquent returns or amend prior tax filings all online at mass.gov/TaxAmnesty.
- Pay only the tax and interest owed. Tax penalties and any interest due on those penalties will be waived.
- Non-filers may benefit from a three-year limited look-back period.
For more information, please visit: mass.gov/TaxAmnesty
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.
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.