Patrick signs $33.6B Mass. state budget; ‘invests’ in education

BOSTON – Gov. Deval L. Patrick signed the $33.6 billion fiscal 2014 Massachusetts budget this month, stating that the package makes “significant investments” in education, health care cost containment and youth-violence prevention. More

To continue reading this article, please do one of the following.



government

Patrick signs $33.6B Mass. state budget; ‘invests’ in education

Posted 7/22/13

BOSTON – Gov. Deval L. Patrick signed the $33.6 billion fiscal 2014 Massachusetts budget this month, stating that the package makes “significant investments” in education, health care cost containment and youth-violence prevention.

According to a news release, the budget increases Chapter 70 education funding by $130 million over fiscal 2013 to $4.3 billion, bringing funding for Chapter 70 aid to the highest level in state history. The budget also includes a $97 million investment in the commonwealth’s public universities and colleges, moving the state towards funding 50 percent of public higher education costs within the University of Massachusetts system, a move that would avoid tuition and fee increases in the coming year.

The budget also includes several measures at helping businesses. They include:

• $19.5 million for the Massachusetts Life Sciences Center to provide research grants and accelerator loans to researchers and early state companies and support workforce-development efforts in the life sciences.

• $18.75 million for MassDevelopment’s Advanced Manufacturing Futures Program, created in the 2012 Jobs Bill, to engage in small-to-medium-enterprise lending, drive workforce development and provide competitive grants and contracts to facilitate growth and competitiveness in manufacturing.

• $2 million for Workforce Development Grants to help job seekers gain the skills needed for today’s manufacturing jobs.

• $2 million for the Mass Manufacturing Extension Partnership.

According to the release, the budget also reflects Patrick’s efforts to reduce the state’s reliance on one-time budget solutions, positioning Massachusetts to have one of the nation’s largest reserve-fund balances. •

Calendar
PBN Hosted
Events

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot early!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement