Massachusetts Pushes Forward Plan to Borrow Billions

May 6, 2020, 9:25 PM UTC

The Massachusetts House has unanimously approved a bill (H. 4677) to allow the state treasurer to borrow money as needed—potentially up to $3.5 billion—to keep the state afloat until after the July 15 income tax deadline.

The Senate will take up the bill on Thursday and Senate leadership has already said lawmakers are in agreement to pass it.

The state would repay any loans in 2021, according ...

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