Patrick Signs $32.5 Billion Mass. Budget, Announces Vetoes

July 8, 2012 12:00 AM
Patrick Signs $32.5 Billion Mass. Budget, Announces Vetoes
" BOSTON (AP) — Gov. Deval Patrick signed into a law on Sunday a $32.5 billion state budget and also vetoed millions for several programs.

WBZ NewsRadio 1030′s Mark Katic reports.

Download: katic-state-budget-1.mp3

The budget funds local aid at $5.3 billion, an increase of 3.7 percent over the previous year.

It also draws $350 million from a reserve fund, leaving it with a balance of at least $1.28 billion. Patrick said it’s still one of the largest such state balances in the United States.

Spending overall is up by about 4 percent, which the governor said is less than the assumed growth in state tax revenue collections.

Patrick said the spending plan helps students, reduces health care costs and strengthens public safety.

“It also responsibly holds the line on spending because we know our recovery is ongoing, not complete,” he said "

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