Gov. Patrick hoping to avoid school budget cuts
BOSTON (AP) — Gov. Deval Patrick is hoping to avoid cuts in education aid to cities and towns as he drafts a plan to close an anticipated $325 million budget gap.
Patrick said Wednesday that everything else is on the table. He said his plan wouldn’t dip into the state’s rainy day fund.
Administration officials announced the budget hole last week. They said they would unveil their plan to close the gap within two weeks.
One reason for the gap is the fact that Massachusetts appears on track to meet the requirements triggering an automatic cut in the income tax rate from 5.2 percent to 5.15 percent in January.
That would cost the state $70 million in revenues in the fiscal year that ends June 30.
The state budget is about $37 billion.