Following the Department of Revenue’s release of June 2022 collections earlier today, the Executive Office for Administration and Finance announced that the Commonwealth will end Fiscal Year 2022 (FY22) with a $1.9 billion surplus, according to preliminary figures. This surplus accounts for $3 billion in automatic tax refunds required under …
Read More »Massachusetts Gov. Charlie Baker signs Fiscal Year 2023 budget
Governor Charlie Baker today signed the Fiscal Year 2023 (FY23) budget, a $52.7 billion spending plan that supports the Commonwealth’s communities, families, businesses, and workers. The budget fully funds the continued implementation of the Student Opportunity Act, while expanding proven programs and making record investments in early education and childcare, …
Read More »Massachusetts Median Home Sale Price Zooms Past $600,000
By Colin A. Young State House News Service For the first time, the median single-family home price in Massachusetts exceeded the $600,000 mark last month and one housing market analyst says prices might not have hit their apex just yet. The median sale price registered at $610,000 in June, The …
Read More »The Blue Point Restaurant Starts a New Chapter in Acushnet
If you’re a fan of the the Blue Point Restaurant on social media you may have noticed that their has been a flurry of activity recently. If you’re a regular, you might have seen a couple of new faces at the bar or working in the kitchen. One of those …
Read More »Mayor Mitchell presents New Bedford’s Fiscal Year 2023 $471.5 million budget
Mayor Jon Mitchell presented his Fiscal Year 2023 City Budget to the New Bedford City Council on Wednesday, May 18, 2022. Cautious, Conservative Spending Blueprint Mayor Mitchell noted that the new City budget, the third developed since the start of the COVID-19 pandemic, reflects continuing impacts on City revenues and …
Read More »Massachusetts Baker-Polito administration files $1.7 Billion Fiscal Year 2022 supplemental budget
The Baker-Polito Administration today will file a Fiscal Year 2022 (FY22) supplemental budget that proposes investments in transportation, housing, environmental infrastructure, economic development, child care and education initiatives. The legislation includes approximately $1.7 billion in spending, supported by state tax revenues that exceed FY22 benchmarks through April by $4.23 billion …
Read More »New Bedford’s Mayor Mitchell announces community development funding in draft action plan
Proposed Projects Include Renovations to Boys & Girls Club, West Beach Bathhouse. Mayor Jon Mitchell announced nearly $6 million in proposed funding allocations detailed in the City’s draft FY 2022 Housing & Community Development Action Plan, which is open for public comment. Proposed allocations include $480,000 for building renovations at …
Read More »Gas Back Up Over $4.20 Per Gallon in Massachusetts
Michael P. Norton State House News Service Gas prices in Massachusetts crept higher in recent days as the wait continues for some kind of tax relief plan from the state Legislature. House and Senate Democrats have nixed gas tax relief proposals but have continued to suggest that tax relief of …
Read More »New Bedford’s advanced manufacturing campus moves forward, city accepting developer’s proposals
The City of New Bedford has issued a request for proposals (RFP) to solicit plans from commercial real estate developers to create an Advanced Manufacturing Campus (AMC) on 100 acres of the municipally owned Whaling City Golf Course on Hathaway Road. The size and unique advantages of the proposed site …
Read More »New Bedford requesting responses from nonprofit organizations interested in supporting small businesses
Mayor Jon Mitchell and City officials are requesting responses from local nonprofit organizations interested in supporting small businesses, by managing federal funds to provide targeted grants and technical assistance. The Small Business Assistance Program is the City’s fourth announcement of investments funded by the American Rescue Plan Act (ARPA), designed …
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