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Governor Patrick Makes Cuts to State Budget to Accomodate FY2013 Shortfall - December 5, 2012
Submitted by admin on Wed, 12/05/2012 - 11:52am
Pursuant to Section 9C of Chapter 29 of the Massachusetts General Laws, Governor Patrick, yesterday, made cuts to the FY2013 state budget to compensate for a $540 million shortfall due to slower-than-expected tax collections. The Governor's letter explaining the cuts and their impacts can be read here.
While the Governor was required to make cuts across the board, affordable housing programs took a relatively small hit. DHCD was cut by $1.25 million and due to unforseen savings of $113 million under the Health Connector Authority, $44.3 million of the savings were proposed to be reallocated to address family homelessness, pending legislation ($39 million increase in Family Homeless Services and $5.3 million increase to RAFT).
Please visit the Administration and Finance webpage on the budget cut for additional information.