MASSACHUSETTS LEGISLATURE PASSES FY ’13 BUDGET
- Tuesday, July 03, 2012
On Thursday, June 28 the Massachusetts Legislature approved a $32.5 billion Fiscal Year 2013 state budget with no new taxes or fees and relying on nearly $350 million from the state’s “rainy day” stabilization account, leaving the fund with over $1 billion in reserves. Two sections of the proposal (Section 53 and 54) further attempt to cut down on unwarranted and illegal purchases through the use of EBT cards and food stamp benefit trafficking by preventing certain purchases and requiring retailers to post those prohibitions.
The Governor now has ten days to review and sign the proposal or return sections of the bill with vetoes or amendments. The new fiscal year begins July 1 on Sunday, however earlier the week of June 25 the Governor approved an interim (supplemental) budget to carry the state through with the financial resources it needs in case he does not approve the final budget by July 1. The Governor’s ten day window ends Sunday, July 8
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