New Fiscal Year Starts Without State Budget In Place

BOSTON (AP) — Massachusetts' new fiscal year is rolling in without a new state budget in place.

House and Senate negotiators meeting behind closed doors have yet to resolve all the differences between spending plans for the next 12 months that were approved by the two chambers.

It's not an unusual occurrence for the July 1 fiscal year to start without a permanent budget. As they have in the past, lawmakers have approved a stopgap budget to keep state government operating.

The House and Senate versions of the roughly $41 billion spending plan have similar bottom lines. But an analysis by the Massachusetts Taxpayers Foundation finds about $500 million in differences in how the money should be spent.

The Senate budget also includes revenue from a yet-to-be-approved tax on short-term rentals.

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PHOTO: Getty Images

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