Maura Healey To Cut $375 Million From Current Massachusetts State Budget, Because Revenue Increases Aren’t Keeping Up With Increased Spending

By Colin A. Young State House News Service Massachusetts Governor Maura Healey and her budget team hit the reset button Monday, announcing a plan to cut $375 million from the current year's budget amid flagging tax collections, to downgrade the amount of tax revenue expected this budget year by $1 billion, and to build the next state spending plan on the assumption that even less tax revenue will come in next year. By paring back spending over the next six months, tapping into investment earni

By Colin A. Young State House News Service Massachusetts Governor Maura Healey and her budget team hit the reset button Monday, announcing a plan to cut $375 million from the current year's budget amid flagging tax collections, to downgrade the amount of tax revenue expected this budget year by $1 billion, and to build the next state spending plan on the assumption that even less tax revenue will come in next year. By paring back spending over the next six months, tapping into investment earni…