Governor Baker Estimates $765 Million Budget Deficit for Fiscal Year 2015

Boston – Governor Charlie Baker today announced an estimated $765 million state budget deficit for Fiscal Year 2015.  Along with Lt. Governor Karyn Polito and Administration and Finance Secretary Kristen Lepore, Governor Baker identified the current deficit as a spending problem, not a revenue problem, and reiterated his commitment to protect local aid and prevent tax increases as the Administration works to reduce the deficit.