Thursday, January 28, 2010
Yesterday Governor Patrick released his budget proposal for the coming fiscal year, 2011. This spending plan is known as H.2, and is available online at http://www.mass.gov/bb/h1/fy11h1/. Our Commonwealth continues to face significant challenges due to the economic recession, and H.2 represents one approach to addressing them. House and Senate proposals will be developed and debated as the year progresses.
I encourage you to examine the Governor’s proposal with an eye toward whether or not it contains elements that can spur economic growth and job creation, or whether it revisits modest itemized spending cuts and tax increases to achieve balance.
Two items that are of immediate concern as I review the proposal is that once again it proposes a tax increase (on candy and soda), and it increases overall state spending by more than $1 billion.