STATE HOUSE — Great Britain's vote to break free from the European Union sent ripples through the world's financial markets Friday, adding to the global concerns being watched by those with a stake in the Massachusetts economy, including state government leaders.
Overly optimistic estimates of investment-related capital gains taxes have been blamed for a shortfall in tax revenues to support $39.5 billion fiscal 2017 state budget bills, and legislative leaders are struggling to assemble a spending plan in the face of a July 1 deadline.
STATE HOUSE — The Massachusetts Senate plans an aggressive approach to bolstering the state's power supplies with renewable resources like hydropower and offshore wind, proposing legislation on Friday that would go further than the House to require the purchase of 2,000 megawatts of offshore wind and roughly 1,500 megawatts of other clean energy resources.
The bill, which has been scheduled for debate in the Senate next Thursday, would also encourage utilities to purchase energy storage systems to maximize the value of the new clean energy generation, and includes provisions to support improved energy efficiency in homes.
