How Will Mass. Democrats Close the $1 billion Budget Shortfall?
 
House Ways & Means Chairman Sal DiMasi has already stated that revenue enhancement by closing corporate “loopholes” is off the table. Yet he wants to provide an additional $200 million in local aid.
How is he going to pull off this trick without raiding the state’s rainy day fund or raising taxes?
Usually the budget process on Beacon Hill is predominantly driven by the House and Senate versions, with differences ironed out in Conference Committee. In terms of influence on the final budget, the Governor’s Office is the weak link in the chain. This year will be no different — particularly given Deval Patrick’s weakened political position and rock-bottom approval ratings.
The big unknown is the position of the newly elected Senate President Therese Murray on closing tax loopholes, increasing local aid for education, actual budget cuts and/or income tax increases.
Beacon Street Journal
Thursday, March 22, 2007
By Johnny K