Reports

Fact Sheet - Stabilization Fund Constitutional Amendment

As Massachusetts begins to emerge from the budget crisis that began in FY 2002, several competing proposals have been offered that would shape the Commonwealth's fiscal policy for years to come. One such proposal would amend the Massachusetts Constitution to mandate annual deposits into the Commonwealth Stabilization Fund and to impose restrictions on future withdrawals from the Fund. This fact sheet details some of the shortcomings of that amendment and discusses other budget process rules that could help to prevent future deficits.

June 23, 2004 | PDF