Thursday, April 2, 2020

FY21 starting over

...at the state level, per Commonwealth Magazine this morning:
“This is the start of a new process in putting together an FY21 budget,” said Senate Ways and Means Chair Michael Rodrigues, a Westport Democrat...
“In the midst of the continued fallout from the COVID-19 pandemic, the fiscal situation the Commonwealth is facing is both dire and unprecedented,” Michlewitz said in a statement. “It is crucial that we have as clear of a picture as possible before we make any substantial budgetary decisions.”
Heffernan said the roundtable “will aid us as we continue coordinating on the potential budgetary and economic impacts of this public health crisis while working to maintain the solid fiscal foundation that our collaborative financial discipline has helped create and build.”
In an interview, Rodrigues said he, Michlewitz, and Heffernan have been working closely together since the beginning of the outbreak. They wanted to give economists time to determine the impact of the crisis before scheduling the new hearing.
“This is uncharted waters,” Rodrigues said. “We’re hoping by next Tuesday we can hear some forecast with some level of confidence from people that we have a lot of respect for and confidence in.”
Hearing details for next Tuesday are not yet posted, but I'll share them once I see them. 

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