Massachusetts Governor Mitt
Romney plans to cut money for cities and towns by $114 million to
close the state’s budget deficit this fiscal year.
Romney, former chief executive of Bain Capital LLC, made his
case for this and other spending cuts in a speech carried live on
television stations throughout the state.
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The governor said the deficit could reach $650 million in the
fiscal year ending June 30, compared with a $23 billion state
budget, because tax receipts will probably fall below projections
for the remainder of the year.
“We’ve got to face up to the reality of our fiscal
situation,” said Romney, who was sworn in as governor about four
weeks ago. “There’s no time to restructure state government or
remake state programs. On such an emergency timetable, there’s
just time to make cuts.”
In addition to cutting money for cities and towns, Romney
said he will cut $229 million in spending, including $133 million
in health services. Those cuts will include firing state workers
and requiring residents who receive free medical care to pay for
some of the services.
Bloomberg News
