Read his lips, Massachusetts.
House Speaker Robert DeLeo said the House will not propose any new taxes or fees for this coming fiscal year, according to The Boston Globe.
In a conversation with the Globe, DeLeo said he made the decision because the middle class continues to struggle to pay health care, insurance and mortgages.
DeLeo’s statement effectively makes any tax increase unlikely because all “money bills’’ must originate in the House, the Globe notes.
The lack of a new revenue stream means the state will have to finagle a way to cover what is expected to be a $1 billion budget shortfall. In the last three fiscal year, legislators have used $2.2 billion from the state’s rainy day fund to patch budget shortages.
You can read the full story at The Boston Globe.
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