budget

The holiday season is only a couple of months away now and, to help you stretch your budget, we bring you some smart shopping strategies.

The MBTA is mulling some severe service cuts to lower its operating budget as the coronavirus pandemic continues to take a toll on ridership levels.

Mail could be delayed a day or more under proposed changes suggested by the new postmaster general, according to documents obtained by The Associated Press.

The 2020 U.S. Census is required for anyone living in the United States, but there are billions of reasons you’d want to take it: lawmakers use census data to divvy up money for important resources like hospitals, fire stations and roads. Lawmakers will rely on this year’s census data until 2030, so now’s your chance to make sure your household...

The Boston City Council voted Wednesday to approve Mayor Marty Walsh’s resubmitted budget, which reallocates $12 million from police department’s overtime funds to social services. During a virtual meeting, councilors voted 8-5 in favor of passing the budget, The Boston Globe reported. “I want to thank members of the Boston City Council for passing this budget that is fiscally...

Mayor Marty Walsh’s proposed budget was approved by the Boston City Council.

Boston Mayor Marty Walsh has submitted a revised budget for the 2021 fiscal year in which he calls for diverting some police overtime funds to support police reforms and bolster social services. Walsh resubmitted a $3.61 billion budget for the 2021 fiscal year, Monday, which his administration says takes into account $65 million in projected revenue losses due to the…

Amid calls for police reform, Boston Mayor Marty Walsh announced Friday that racism is a public health crisis in the city.

President Donald Trump is offering a $4.8 trillion election-year budget plan that recycles previously rejected cuts to domestic programs to promise a balanced budget in 15 years — all while boosting the military and leaving Social Security and Medicare benefits untouched.

If you think bringing a new human into the world is daunting, wait until you see what he or she will do to your budget. It will cost a middle-income married couple an average of $233,610 to raise a child from birth through age 17, according to 2015 data from the U.S. Department of Agriculture. In fact, your child is costing...

President Donald Trump has signed off on nearly $1.4 trillion in spending that will keep the government funded through Sept. 30. The spending measures add roughly $400 billion to the deficit over the next decade. They include money for the president’s U.S.-Mexico border fence, pay raises for military and civilian federal workers, and funding for election security grants.

Massachusetts lawmakers approved a spending plan Thursday for more than $1 billion in surplus tax revenue from the last fiscal year. House and Senate lawmakers sent the budget to Republican Gov. Charlie Baker’s desk in the early morning. Lawmakers approved $541 million in spending. The remaining money was deposited in the state’s rainy day fund, bringing that fund’s total...

The federal deficit for the 2019 budget year surged to $984.4 billion, its highest point in seven years, and is widely expected to top the $1 trillion mark in coming years. The 26% surge from the 2018 deficit of $779 billion that the government reported Friday reflected such factors as revenue lost from the 2017 Trump tax cut and a...

Almost two weeks into the state’s new fiscal year, Massachusetts is still without a budget. The six members of a House-Senate conference committee have been meeting behind closed doors for more than a month to try to iron out differences over the $42.7 billion spending plan.

The Massachusetts Senate debated a proposed $42.7 billion annual state budget Tuesday as nursing home advocates, college students and others crowded Statehouse corridors appealing to legislators for additional funding. Senators were expected to consider hundreds of amendments to the spending plan over several days. The budget will then have to be reconciled with a version passed earlier by the House.

Massachusetts Gov. Charlie Baker rolled out a $42.7 billion state budget Wednesday, accompanied by a plan to overhaul the state’s 25-year-old education funding formula that critics contend shortchanges many students with special needs and those from low-income, minority or immigrant families. The Republican’s proposed budget for the fiscal year that begins July 1 calls for a 1.5 percent increase over...

A Trump administration official said Monday that federal income tax refunds would indeed go out despite a large part of the government being shut down. Russell T. Vought, acting director of the White House Office of Management and Budget, told reporters about the development in a briefing. “Tax refunds will go out,” Vought said.

Massachusetts lawmakers have passed a supplemental spending plan. The budget approved Monday would let Massachusetts build up its rainy day fund and set aside money for infrastructure projects, including $40 million for local roads and bridges.

Massachusetts lawmakers wrapped up their formal session by passing an economic development bill that includes a sales tax holiday for shoppers on the weekend of Aug. 11 to 12.

Taking aim at the sprawling federal bureaucracy, President Donald Trump’s administration released a detailed proposal Thursday to reorganize a number of federal agencies and merge the Education and Labor departments. The latest in a long string of attempts to rein in the government, the plan met with instant skepticism and faced long odds in Congress.