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The Boston Globe: The state Senates top budget writer has raised high-end projections for the states budget deficit for this fiscal year, pointing to executive agency estimates that showed surging demands that could result in a gross $600 million deficit in Medicaid accounts.
Rising welfare and homeless shelter caseloads are further burdening the budget, even as the state has qualified for $250 million in federal aid for school programs and received $450 million in other federal aid, said Senate Ways and Means chairman Steven C. Panagiotakos.
| Tags: | Federal government of the United States, Tax, Taxation, Public finance, Fiscal year, Deficit, Government debt, Administration of federal assistance in the United States |
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