Massachusetts Gov. Baker Signs Fiscal Year 2020 Budget
Today Governor
"A strong economy and prudent fiscal management have allowed our Administration to work with the Legislature to continue building the Commonwealth's
"Since taking office, our Administration has been focused on building strong partnerships with
The budget builds on the Administration's previous investments to implement the
In addition to
The historic investment in public education is made possible because of continuing responsible management of the Commonwealth's finances. Since 2015 the
The budget includes a landmark new drug pricing measure that authorizes the
"Along with the
The FY20 budget represents an approximately 3.3% increase in spending over estimated spending in Fiscal Year 2019 (FY19). The total
The budget includes
Earlier this week, the Administration announced that the transfer of certain FY19 capital gains taxes to the
The budget plan also supports a further drop in the Part B income tax rate to 5% on
The FY20 budget assumes
The FY20 budget also includes a change that will significantly reduce health care costs for thousands of low-income seniors. Included in the Administration's House 1 budget proposal in January, the change will expand the income eligibility for the Medicare Savings Program to provide assistance to approximately 40,000 low-income seniors. A state investment of
The budget also fulfills the Administration's promise to end the temporary, enhanced Employer Medical Assistance Contribution (EMAC) at the end of calendar year 2019.
The budget builds on the Commonwealth's progress in addressing the opioid epidemic by increasing investments in substance misuse prevention and treatment to a total of
Also included is the Administration's proposal to require online marketplace facilitators to collect and remit tax on sales to
The budget supports a total of
It also includes a significant increase in support for
As part of the budget-signing,
Key FY20 Budget Highlights:
Education
* A total of
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*
*
*
*
*
Support for Cities and Towns
*
*
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Substance Misuse
* Total of
*
*
*
Transportation
*
* A
*
Energy and Environment
*
* Increased assessment on utility distribution companies to fund more pipeline inspectors at the
*
Housing
*
*
*
*
*
Sexual Assault and Domestic Violence Prevention
*
Other
*
*
*
*
* Fully funds the
* Adopts the Administration's proposal to disregard the value of a single vehicle when calculating eligibility for the TAFDC program
Workforce and Economic Development
*
*
*
*
* Transfer of any FY19 consolidated net surplus to the
Criminal Justice and Public Safety
* Funding to implement requirements of the criminal justice reform law, including
*
*
*
*
*
Link to FY20 Budget (https://budget.digital.mass.gov/bb/gaa/fy2020/?_ga=2.145551220.1742160032.1564565921-1812891222.1554197070)


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