Word: devallance
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...billion budget shortfall with federal stimulus funds, cuts in services and programs, and a reduction in local aid to cities and towns.The House Ways and Means committee submitted a $27.44 billion budget for fiscal year 2010—$532 million less than what was proposed by Governor Deval L. Patrick ’78 three months ago. That same month, Patrick made a midyear budget cut of $128 million, leading to a local aid decrease of approximately $2.6 million for the City of Cambridge for fiscal year 2009. The House’s budget relies on $1.46 billion in federal...
...Massachusetts Educational Financing Authority (MEFA) will make $300 million in fixed-interest loans available to families with undergraduate and graduate students residing in or attending school in Massachusetts, Governor Deval L. Patrick ’78 announced on Wednesday...
...economic shift,” said Murphy, who is also chair of the state’s House Ways and Means Committee. “Things will bounce back, but we are a long way away from that.” Kirwan said that at the start of Governor Deval Patrick’s term, the deficit stood at $1.3 billion. She estimated that within a few fiscal years, this amount would rise to approximately $3.5 billion. The Massachusetts state budget, according to the speakers, is very reliant on capital gains tax revenue, which has decreased due to the recession...
...funding infusion—announced Wednesday by Mass. Governor Deval L. Patrick ’78 at CHA headquarters as part of $764 million of federal stimulus funding the state will earmark for health care—follows recent moves at CHA to close clinics, cut services, and lay off hundreds of employees as the Alliance struggled to manage a $55 million cut in state and federal funds announced last October...
Mass. Gov. Deval Patrick was so taken by the BigBelly cans that he has proposed blowing $21.8 million of stimulus package funds on installing over 7,000 of these machines in all the state's parks. Yes folks, that's your bailout stimulus money at work...