Jul 29, 2024, 8:11 PM
Jul 29, 2024, 8:11 PM

Massachusetts Governor Signs $58 Billion Budget with Key Initiatives

Left-Biased
Highlights
  • Massachusetts Governor Maura Healey has enacted a substantial $58 billion budget.
  • This budget includes a notable initiative that provides free community college education to residents.
  • Additionally, it allows the Massachusetts Lottery to expand its offerings to online platforms.
Story

BOSTON (AP) — Massachusetts Governor Maura Healey has officially signed a comprehensive state budget bill totaling nearly $58 billion, which introduces significant initiatives including a free community college program and the expansion of online lottery sales. The budget aims to address educational needs and support vulnerable populations, reflecting the administration's commitment to enhancing the state's competitive edge amid ongoing challenges. The budget allocates over $117 million for the free community college initiative, designed to cover tuition and fees for eligible students. This program targets the 15 community colleges in Massachusetts, which serve over 90,000 students, predominantly part-time learners balancing work and family responsibilities. Notably, students of color represent more than half of the community college demographic, with many students coming from households earning less than $120,000 annually. In addition to educational funding, the budget permits online lottery sales, raising the minimum age for online purchases to 21. The anticipated revenue from these sales, projected at $100 million for fiscal year 2025, will be directed towards grants for the state's most vulnerable children. Furthermore, the budget allocates $170 million to support the universal school meals program, ensuring that all students have access to nutritious food. The financial plan also includes $1.3 billion generated from a newly approved surtax on high-income earners, with 59% of the new funds earmarked for education and 41% for transportation improvements. The budget leaves nearly $9 billion in the state's rainy day fund, reinforcing fiscal stability while addressing critical community needs.

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