AIM Applauds Focus on Private Sector in Senate Budget Debate

Posted by Brad MacDougall on May 26, 2010 3:07:00 PM

"We have come to a point where the private sector is having great trouble affording the public sector" - Read below to find out which Senator made this statement.

With less than 67 days remaining in the legislative calendar ending July 31, today is a busy one for members of the General Court. This afternoon the Senate begins debate over the Fiscal Year 2011 budget while the House considers a bill H.4703 to update an antiquated criminal history records administrative agency. Yesterday, the Governor signed a supplemental appropriation which includes $9.5 million for the state Workforce Training Fund for Fiscal Year 2010.

The $27.88 appropriation bill now before the Senate, which cuts more than $750 million from the level required to maintain state services in fiscal year 2011, adds $53 million to the House version, while proposing no new taxes, no withdrawals from the state Rainy Day Fund and maintains the half-point reduction in the corporate excise tax rate. Important to employers are 83 amendments that AIM's letter to the Senate highlighted out of the total 800 amendments under consideration.

AIM would like to commend Senate President Murray and Chairman Steven Panagiotakos and members of the Ways and Means Committee for advancing a prudent spending plan for the Commonwealth. We cannot improve on the sentiments of Senator Panagiotakos, who wrote in his cover letter accompanying the release of the bill:

"Just as Massachusetts families have had to tighten their belts and do without, so will the branches, agencies, departments, commissions and programs that make up our state government. At all levels of state and municipal government we will be challenged to do more with less.

Unfortunately, this will be the case for the foreseeable future. We have come to a point where the private sector is having great trouble affording the public sector. It will take large increases in private sector economic development and job creation to change this conflicting paradigm.

Although state government cannot create private sector investments and jobs, it can create the fertile field for them to grow. The challenge is, therefore, job creation. Without it, we stay mired in the mud of a recession. With it, we have a clear road to a better future for all."

AIM believes that the sentiments expressed above must guide every decision that touches the state's business climate and we applaud Senator Panagiotakos for expressing this so clearly and eloquently.

AIM is monitoring the amendment process in the Senate as well as the CORI debate in the House and will provide updates on the progress of these bills. Watch the House and Senate debates live by clicking here.

Topics: Public Sector, Massachusetts state budget, Senator Panagiotakos, AIM, CORI, Senate President Therese Murray, Private Sector

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