BOSTON (AP) — Massachusetts lawmakers appear to be inching closer to finalizing a state budget — three weeks into the new fiscal year.
The Massachusetts House has scheduled a formal session for Monday, which could indicate House leaders are growing optimistic about having a compromise version of the $42.7 billion annual spending plan ready for a final vote.
The budget was supposed to be in place July 1 for the start of the new fiscal year. Massachusetts is the only state that starts its fiscal year in July that still doesn’t have a formal budget.
A $5 billion spending authorization currently in place expires July 31.
House and Senate leaders haven’t identified sticking points that have caused budget negotiations to drag past the July 1 deadline for the second year in a row.
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