The Senate approved a $34 billion annual state budget that makes investments in early education, elder care, local aid and other areas in part by drawing from the state’s reserves and relying on revenues from a developing package of tax increases linked to the transportation system.
The budget, approved on a 36-3 vote, mirrors the spending bottom line in the House budget approved in April. Differences will be worked out by a six-member conference committee in June, with fiscal 2014 starting July 1.
Category: Legislative Update