Job blitz planned as unemployed edge closer to cliff - Boston Business Journal
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Job blitz planned as unemployed edge closer to cliff
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BOSTON A deal to raise tax collection estimates by more than $4.2 billion and spend nearly $48.1 billion in fiscal year 2022 came together late Thursday with Massachusetts House and Senate lawmakers filing a compromise budget that would also make the state s controversial film tax credit permanent.
The budget deal, according to House and Senate officials, accounts for surging tax collections over the last six months that have far outpaced the projections agreed to by legislative leaders and the Baker administration at the start of the year.
The expectation of additional tax revenue was used by budget negotiators, in part, to create a $350 million trust fund that could be tapped in future years to help cover the cost of a $1.5 billion school funding reform law passed in 2019, known as the Student Opportunity Act.