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Wicked Local With the state s budget for fiscal year 2022 now passed through the Senate, Sen. Cindy F. Friedman, D-Arlington, celebrated the funding she was able to help secure for the Billerica Public Schools, Billerica Community Food Pantry, Council on Aging, and more. The Massachusetts State Senate s legislators unanimously passing a $48.07 billion budget for fiscal year 2022. Taking into consideration strong tax revenue performance in fiscal year 2021, the final fiscal year 2022 budget increases revenue assumptions by $4.2 billion over the December consensus revenue projection; the new tax revenue projection is now $34.35 billion. As a result, the FY22 budget does not make a withdrawal but instead transfers funds into the Stabilization Fund, projecting an estimated balance of approximately $5.8 billion for this crucial rainy day fund at the end of the fiscal year. 

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