Current:Home > InvestSafeX Pro:Massachusetts House budget writers propose spending on emergency shelters, public transit -ProsperityStream Academy
SafeX Pro:Massachusetts House budget writers propose spending on emergency shelters, public transit
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-10 13:32:08
BOSTON (AP) — Massachusetts House leaders unveiled a proposed $57.9 billion state budget for the 2025 fiscal year that would include $500 million for the state’s emergency shelter system and SafeX Prowhat lawmakers say is a record investment of $555 million for the beleaguered Massachusetts Bay Transportation Authority.
The $500 million for emergency shelters is about half of what Democratic Gov. Maura Healey said is likely needed for the program, which is straining in part because of an influx of migrants seeking shelter.
Democratic House Speaker Ronald Mariano said the $555 million investment in the MBTA — and another $184 million for regional transit authorities across the state — is key to the state’s economy.
“Ensuring that the commonwealth is equipped with a safe and reliable public transportation system is critical for the prosperity of our residents and communities, and will be vital in our future efforts to grow the economy,” Mariano said in a written statement.
Mariano said the proposed funding would represent a 41 percent increase in transportation funding from the current fiscal year. He said the proposed investment relies in part on funds generated by the so-called “millionaire tax” ballot initiative that voters approved in November of 2022, which established a 4% surtax on annual income above $1 million.
The proposed budget also includes $20 million for reduced MBTA fares for riders with lower incomes.
Budget writers said they were able to create a balanced spending plan without dipping into the state’s rainy day fund. Under the plan, the fund is on track to top $9 billion, one of the biggest state rainy day funds in the country.
The full House is expected to begin debate on the spending plan next week.
Healey released her version of the state budget in January.
Healey’s $58 billion plan included several proposals she previewed during her State of the Commonwealth address, including lowering the staggering cost of housing and childcare and making Massachusetts “the climate innovation lab for the world.”
Healey said her proposal doesn’t rely on any new broad-based taxes and also wouldn’t require a withdrawal from the state’s rainy day fund.
It would spend a then-anticipated $1.3 billion raised from the voter-approved “millionaire tax” on transportation and education, including a universal school meals program and a low-income fare relief program for greater Boston’s public transit system.
After the House votes on its budget proposal, the debate heads to the Senate, which will draft and vote on its own state budget plan.
It will then be up to a six-member conference committee of House and Senate members to hammer out a single budget proposal to send back to each chamber for a final vote before shipping it to Healey’s desk.
veryGood! (2141)
Related
- The Daily Money: Disney+ wants your dollars
- Sales are way down at a Florida flea market. A new immigration law could be to blame.
- Proof Chrissy Teigen and John Legend’s California Home Is Far From Ordinary
- Stock market today: Asian shares slip, echoing Wall Street’s retreat from its rally
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Why Jessica Chastain & Oscar Isaac's Friendship Hasn't Been the Same Since Scenes From a Marriage
- KORA Organics Skincare From Miranda Kerr Is What Your Routine’s Been Missing — And It Starts at $18
- Erin Foster Responds to Pregnancy Speculation
- Kentucky Gov. Andy Beshear ready to campaign for Harris-Walz after losing out for spot on the ticket
- New York attorney general's Trump lawsuit ready for trial, her office says
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- USWNT is in trouble at 2023 World Cup if they don't turn things around — and fast
- FBI: Over 200 sex trafficking victims, including 59 missing children, found in nationwide operation
- Canadian Prime Minister Justin Trudeau separating from wife, Sophie
- In ‘Nickel Boys,’ striving for a new way to see
- Tech consultant to stand trial in stabbing death of Cash App founder Bob Lee
- Canadian Prime Minister Justin Trudeau separating from wife, Sophie
- What to know about new Apple iPhone 15: Expected release date, features, and more
Recommendation
Kansas City Chiefs CEO's Daughter Ava Hunt Hospitalized After Falling Down a Mountain
Teamsters: Yellow trucking company headed for bankruptcy, putting 30,000 jobs at risk
This bird hadn't been seen in Wisconsin for 178 years. That changed last week.
Michigan Supreme Court suspends judge accused of covering up her son’s abuse of her grandsons
Big Lots store closures could exceed 300 nationwide, discount chain reveals in filing
Pope Francis can expect to find heat and hope in Portugal, along with fallout from sex abuse scandal
Mega Millions jackpot for tonight's drawing increases to estimated $1.1 billion
Northwestern hires former Attorney General Loretta Lynch to investigate athletic department