Plain English Breakdown
The bill text excerpt confirms the fiscal year ends June 30, 2026.
Massachusetts State Budget for Fiscal Year 2026
This bill sets aside money from the General Fund to pay for state government operations, debt costs, and improvements during the fiscal year ending June 30, 2026.
What This Bill Does
- Appropriates funds from the General Fund to support departments, boards, commissions, institutions, and other services of the commonwealth.
- Provides money for interest payments, sinking fund requirements, and serial bond needs.
- Funds certain permanent improvements within state government operations.
- Requires that all spending follows a policy of nondiscrimination and equal opportunity.
- Mandates that agencies take affirmative steps to ensure equality in hiring, promotion, pay, training, and other employment terms.
Who It Names or Affects
- State departments, boards, commissions, institutions, and divisions receiving funds under this act.
- Officials and employees of state government agencies.
- Members of minority groups, women, and disabled persons who interact with or work for the commonwealth.
Terms To Know
- Appropriation
- The act of setting aside money from a fund to be spent on specific purposes.
- General Fund
- The main account where the state keeps most of its tax revenue and other income for spending, as referenced in this bill.
- Sinking Fund
- A fund set aside to pay off debt or replace assets in the future.
Limits and Unknowns
- The specific dollar amounts are listed in sections of the bill not included in this text excerpt.
- This summary does not include details on supplemental or deficiency budgets beyond their requirement for equal opportunity spending.
- The effective date is not yet set because the bill status remains active and awaiting further steps.