Preliminary Analysis: The Conference Committee 2012 Budget

Like the House and Senate budgets, the version crafted by the conference committee relies primarily on cuts as savings to close a $1.9 billion budget gap. It also relies on some temporary revenues including approximately $200 million from the state’s rainy day fund. This preliminary analysis describes major items of difference between the House and Senate budget proposals and how they were resolved. It also reviews funding levels for major items in the budget where the House and Senate had not disagreed, and provides information about revenue issues in the budget.t....  [Full Report: Massachusetts Budget & Policy Center]