Investments support long-term economic health and prepares Massachusetts for new economic challenges
(BOSTON–11/10/2022) The Massachusetts Legislature on Thursday, November 3, 2022, passed a wide-ranging $3.76 billion relief package to provide targeted energy assistance, support ongoing transportation needs, and invest in the state’s small businesses, caregivers, health care system, affordable housing, and efforts to fight climate change. Senator Cindy F. Friedman (D-Arlington) joined her colleagues in the Legislature to support the legislation.
“I am pleased with the important investments in both our community and across the Commonwealth that this sweeping legislation makes,” said Senator Friedman, Vice Chair of the Senate Committee on Ways and Means. “Providing funding for food security efforts, affordable housing initiatives, and the strengthening of hospitals and behavioral health services is a critical step in ensuring our residents continue to have the resources they need as we face rising prices and financial hardships. I was proud to vote to send this legislation to the Governor’s desk and thank my colleagues for their work to get this over the finish line.”
In addition to $3.76 billion in direct investments, this legislation ensures that the Commonwealth responsibly pays for the historic $3 billion one-time tax relief that will be returned to an estimated three million taxpayers over the coming weeks. Combined, this $6.76 billion in tax relief and direct investments will provide much-needed breathing room for families, small businesses, and individuals feeling the pinch of inflation. Notably, the bill closes the books on Fiscal Year 2022 and dedicates $500 million in federal American Rescue Plan Act (ARPA) funds, leaving a balance of $1.74 billion in federal resources for future use.… Read more.