Online Exclusives

CDCs applaud new tax credit program

Both Baker, Patrick support initiative

As the year’s end brings a barrage of appeals from nonprofit groups hoping to capitalize on the spirit of holiday giving, the state’s community development corporations are making a pitch for a new tax credit program that enjoys the bipartisan backing of both the outgoing Democratic governor and his Republican successor.  The Massachusetts Association of(...)

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Patrick administration says state needs gas capacity

Draft report forecasts shortfall

A new study commissioned by the Patrick administration has tentatively concluded that Massachusetts and all of New England need to expand the supply of natural gas coming into the region to meet demand. The preliminary report analyzed the demand for gas under eight different scenarios and concluded the state would face a shortfall of between(...)

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GIC needs $120m more to cover shortfall

Could accentuate state budget problem

STATE HOUSE NEWS SERVICE The state commission that oversees public employee health insurance coverage will likely need at least $120 million in additional funding this fiscal year, a request that would contribute to ongoing state budget problems. “It’s probably going to be north of $120 million,” Group Insurance Commission (GIC) Executive Director Dolores Mitchell told(...)

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State slaps Steward with $1,000/week fines

Chain refuses to turn over financial statements

State officials are starting to assess $1,000-a-week fines on Steward Health Care for failing to turn over to regulators the company’s audited financial statements, with the current tab standing at $12,000. Steward, which is owned by the New York private equity firm Cerberus Capital Management, provides to the state fairly detailed information on the individual(...)

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Is Cape Wind running out of time?

Gordon affidavit suggests deadline difficulty

Cape Wind officials, who several months ago were confidently predicting financing for the offshore wind farm would be wrapped up by the end of this year, are now saying they need more time. The big question is whether there’s enough of it. Cape Wind spokesman Mark Rodgers said in an emailed statement that a financial(...)

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Budget, pot, opioids top Baker priorities

Tax hikes, local aid cuts off table

STATE HOUSE NEWS SERVICE If Sen. Elizabeth Warren breaks from her firm public stance and runs for president, she will have the backing of Congressman Michael Capuano, who said Monday that he offered his assistance without “trying to pry” into her intentions. “I have spoken to her. I have not asked her for any response.(...)

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Warren on prez run: ‘No means no’

Capuano offers support for White House bid

STATE HOUSE NEWS SERVICE If Sen. Elizabeth Warren breaks from her firm public stance and runs for president, she will have the backing of Congressman Michael Capuano, who said Monday that he offered his assistance without “trying to pry” into her intentions. “I have spoken to her. I have not asked her for any response.(...)

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Partners reports $22m operating loss

Blames Medicaid rates for insurance subsidiary problems

Partners HealthCare on Friday reported an annual operating loss for the first time in 15 years as a subsidiary lost $110 million insuring state Medicaid patients and set aside another $92 million for expected losses in the coming year. The biggest employer in Massachusetts placed most of the blame for its $22 million operating loss(...)

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MassDevelopment suddenly flush with cash

Agency relinquishes state funds to close budget gap

MassDevelopment came up with its own funding for two economic development programs on Thursday, allowing the authority to relinquish $23 million in state money the Patrick administration says it needs to help close a $329 million hole in this year’s budget. The Patrick administration proposed a series of spending cuts last month aimed at balancing(...)

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Patrick “lone walk” to take place a day early

Gov, Baker to exchange gifts Jan. 7

STATE HOUSE NEWS SERVICE Gov. Deval Patrick plans to take the “lone walk” down the front stairs of the State House a day before Governor-elect Charlie Baker’s inauguration in an attempt to not overshadow the incoming governor’s moment, according to people familiar with planning for the transition of power in early January. Meant to symbolize(...)

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