Baker asks lawmakers to OK borrowing for capital projects

Fiscal year starts July 1

Baker on Confirmed Concord Tornado

BOSTON (AP) — Gov. Charlie Baker’s administration is asking the Legislature to authorize nearly $2.3 billion in borrowing for capital projects.

The Republican governor announced his capital budget plan for the fiscal year starting July 1 on Thursday at the Chelsea Soldiers Home, which would receive $8 million toward a new long-term care facility for veterans.

The administration says most of the proposed capital budget would go toward maintaining or modernizing existing state assets, including $836 million for transportation infrastructure, $161 million for renovations on public higher education campuses, and $90 million for maintaining public housing units.

Nearly $200 million would go toward technology and cyber security upgrades for state government.

While the Legislature must authorize the sale of general obligations bonds, final decisions on borrowing and capital spending rest with the administration.

 

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