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MTF's Analysis of Governor's 9C Cuts. Today, the Baker Administration announced $97.9 million in midyear budget (9C) cuts.1 These cuts come during a particularly challenging budget year in which revenues have been reduced by $800 million already. This brief provides background on the FY 2017 budget gap and summarizes the budget cuts.
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Section 9C of Chapter 29 of the Massachusetts General Laws requires that when projected revenue is less than projected spending, the Governor must act to ensure that the budget is brought into balance. The state's constitution requires a balanced budget. When the Legislature passes the budget at the beginning of the fiscal year, it must.
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The Governor has the authority to make such cuts under Section 9C of the Massachusetts constitution. When projections fall short of revenue, the Governor can make emergency cuts to balance the budget.
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The Governor enacted budget cuts of $375 million to the Fiscal Year 2024 budget, which ends at the end of June. Called "9C" cuts (a reference to the section of the law granting her this unilateral authority), the Governor's cuts were in response to lower than anticipated revenue collection so far in FY 2024.
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The Governor has the authority to make such cuts under Section 9C of the Massachusetts constitution. When projections fall short of revenue, the Governor can make emergency cuts to balance the budget. As of December 2023, the revenues were $769 million less than the year-to-date benchmark. The Governor is targeting cuts that will total around.
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FY24 9C Earmark Report. Sec. Dept. Acccount Earmark Description Location FY24 GAA FY24 9C Amount EED MMP 70081116 Massachusetts Women of Color Coalition, Inc. to build infrastructure and capacity and to expand program delivery Worcester $ 300,000 $ 150,000 EED MMP 70081116 South Middlesex Opportunity Council, Inc. for a transportation.
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After six months of state tax collections falling short of benchmarks, the Healey-Driscoll administration today announced $375 million in mid-year emergency budget cuts for fiscal 2024. The reductions do not directly impact core municipal and school aid accounts, but some reduced budget earmarks will have impacts at the local level.
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Gov. Maura Healey is set to sign a bill to enact Massachusetts' first tax cuts in over two decades. Here's a look at what state lawmakers are hoping to tackle next, from child care to prescription.
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Embed. On Tuesday, December 6, Governor Charlie Baker, under his Section 9C authority, ordered $98 million in mid-year cuts from the $39.25 billion FY17 state budget. The administration has warned.
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The cuts set to be announced by Healey are known as "9C cuts." The last time such cuts were made in Massachusetts was by former Gov. Charlie Baker in 2016, per Politico.
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Updated 12:14 PM PDT, January 8, 2024. BOSTON (AP) โ Massachusetts Gov. Maura Healey announced $375 million in budget cuts for the current fiscal year Monday as the administration seeks to close an expected $1 billion shortfall with monthly revenues coming in at a slower pace than expected. The biggest cut will be to MassHealth, the state's.
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Former Gov. Charlie Baker oversaw the last round of 9C cuts in December 2016. Lawmakers worked with Healey and with Baker to drive up state spending significantly in recent years, prompting business leaders recently to recommend the state pump the brakes.
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The last 9C cuts were made by then-Gov. Charlie Baker in 2016.. Top Massachusetts Democrats who have passed through Harvard's hallowed halls were silent in the immediate aftermath of Gay's.
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Spending Cuts, New Outlook Reshape Budget Landscape. Gov. Maura Healey and her budget team hit the reset button Monday, announcing a plan to cut $375 million from the current year's budget amid flagging tax collections, to downgrade the amount of tax revenue expected this budget year by $1 billion, and to build the next state spending plan on.
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Earlier this week, the Healey administration announced a $1 billion tax revenue shortfall for FY 2024, downgrading the revenue benchmark from $40.41 billion to $39.41 billion. They also released a plan to solve the shortfall which includes approximately $375 million in net mid-year (9C) budget cuts. In total, 66 budget line-items were reduced by $545 million in gross spending.
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COMMONWEALTH OF MASSACHUSETTS STATE HOUSE BOSTON, MA 02133 (617) 725-4000. Alongside our fiscal year 2024 budget, we are filing a package of tax cuts and reforms that will put money back into the pockets of families, renters, seniors, farmers, and commuters. It will create a new