Mass. Senate passes budget

The Massachusetts Senate has completed work on its version of a more than $32 billion state budget, setting the state for negotiations with the House over a final spending plan for the fiscal year starting July 1.

The Senate approved the budget 36-0 late Friday morning after debating hundreds of proposed amendments over the past three days.

The spending package calls for no new taxes or fees. It calls on the state to borrow $290 million from its “rainy day” fund to help balance the budget.

Senate President Therese Murray thanked colleagues after the vote for acting “cautiously, compassionately and responsibly” in crafting the budget.

A six-member House-Senate conference committee will now be appointed to resolve differences between the Senate version and the one previously passed by the House.

Article source: http://www2.turnto10.com/news/2012/may/25/mass-senate-passes-budget-ar-1049546/

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