Marty Walsh on Budget & Economy

Voted YES on $300M to offset the budget deficit via bonds

The state shall issue and sell bonds of the Commonwealth in an amount [up to] $300,000,000. All such bonds shall be payable not later than June 30, 2010. All interest and payments on account of principal on such obligation bonds issued pursuant to this section shall be special obligations of the Commonwealth. [Establishes a 7-year bond program to borrow money to pay off the budget deficit].

Relevant platform section: PART V: FISCAL RESPONSIBILITY, TAX EQUITY, & PUBLIC STEWARDSHIP: Tax Fairness and Responsible Budgeting: "Budgets should be fiscally responsible and balanced without gimmicks."

Source citation: Amendment to MGL 29 ; vote number 62