Budget update: Fiscal year 2014 budget awaiting signature

Thursday, Jul. 11, 2013
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We are now 11 days into the new fiscal year and the $34 billion fiscal year 2014 budget is awaiting signature. With the deadline set to expire tomorrow, Gov. Deval L. Patrick will have to sign the bill, veto portions of it, or send parts or all of it back with amendments. There is a interim appropriation in place that is paying the state's bill for July.

The budget bill awaiting action relies on $500 million in new taxes that are part of a yet unsigned transportation reform bill. Patrick returned that bill with an amendment that would trigger a possible gas tax hike in 2017.

Among the many items included in the budget awaiting action, is the Massachusetts Bar Association supported judicial compensation increase. The budget provides for a pay increase totaling $30,000 for the Massachusetts Judiciary that will be granted incrementally beginning Jan. 1, 2014 with additional effective dates of July 1, 2014 and July 1, 2015.