Massachusetts Budget

The Commonwealth of Massachusetts’ budget allocates state resources for the operations of state government and for cities and towns.  Under Massachusetts law, the budget - or General Appropriations Act - must be balanced.  The budget must be passed by the House of Representatives and the Senate and signed by the Governor.   Massachusetts’ fiscal year begins on July 1st and ends on the following June 30th.  A budget passed into law during this calendar year appropriates funds for the upcoming fiscal year.
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President-elect John F. Kennedy's speech