BOSTON (AP) — Massachusetts Gov. Charlie Baker has signed an overdue $43.3 billion state funds into regulation, hours earlier than a stopgap spending plan for state authorities was about to run out.
The signing on Wednesday got here after the Republican governor spent greater than every week reviewing the funds that was delivered to him by the Democratic-controlled Legislature on July 22, three weeks after the beginning of the state’s new fiscal yr.
In a extremely uncommon transfer, Baker didn’t train his line-item veto energy to trim any spending within the funds, saying it wasn’t essential as a result of the spending plan was balanced.
The new funds doesn’t increase taxes however will increase total spending by 3.3% over the newest fiscal yr. It tasks tax collections to rise 1.4% over preliminary income estimates for final yr.