Governor Baker announces budget proposal for Fiscal Year 2018

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(Photo courtesy of State House News)

The Baker-Polito Administration filed its Fiscal Year 2018 (FY18) budget proposal on January 25, 2017. The $40.508 billion spending plan funds key priorities including local aid, education, workforce development, housing and homelessness services, and substance misuse prevention programs, while keeping spending in line with recurring revenues and does not raise taxes.

See video on the budget proposal, with comments by Governor Charlie Baker, Lt. Governor Karyn Polito and Kristen Lepore, Secretary of Administration and Finance.

“This budget reaffirms our commitment to the hardworking people of the Commonwealth to propose a balanced budget that significantly invests in education, workforce development and funds to fight the opioid epidemic—without raising taxes,” said Governor Baker. “While practicing fiscal discipline and reining in spending, we are also pleased to introduce new initiatives like the ‘Learn to Earn’ program to shrink the unemployment and underemployment gap in our state and a $4,000 tax-credit for employers hiring an unemployed veteran. I look forward to working with our colleagues in the legislature so that we can all make Massachusetts a better place to live, work, and raise a family.”

Read more information on the Governor’s filing letter, budget message and specific account informmation.