Finances & Budget

FY13 Budget Update: Massachusetts Senate Ways and Means Committee

by Sean Nelson

The Massachusetts Senate Ways and Means Committee finalized their FY13 budget recommendation.  As expected, funding for the Library for the Commonwealth (designated in the line-item language at 35.9 cents per capita) and unrestricted state aid will remain level-funded from FY12 at approximately $2.75M. The Senate’s FY13 budget mirrors the recommendations of both the Governor and the House Ways and Means Committee and is not subject to deliberation in the Conference Committee budget (the Conference Committee only debates appropriation levels if there is a variance between the House and Senate  recommendation).  The final FY13 budget – officially called the “General Appropriations Act” — will be signed by the Governor on or about July 1st.