THE EVERETT ADVOCATE – FRiDAy, ApRil 10, 2026 Page 3 FUNDS | FROM PAGE 1 in the One Big Beautiful Bill Act (OB3) last year. McGonagle procured $300,000 for redesign and reconstruction initiatives in Everett Square. “I’m grateful for the opportunity to bring back money to Everett to invest in downtown, our infrastructure and our community,” said McGonagle. “We are in times of political and economic uncertainty, but I have great trust in the leadership in Massachusetts to keep us thriving. This money will be used to revitalize Everett Square for generations to come. I’m grateful for my partnership with Mayor Van Campen and his vision for our city. Together, we will keep Everett growing strong. I am also grateful to Speaker Mariano and Chair Michlewitz for their commitment to the Commonwealth.” “I am excited that Rep. McGonagle was able to secure these funds to support an important community project,” said Mayor Robert Van Campen. “Revitalizing Everett Square has been a community priority for many years and is something I want to tackle early in my term. I am hopeful we can get this project moving quickly in order to achieve real progress. I am appreciative of Representative McGonagle’s eff orts here and I look forward to working with him to make Everett the best place in which to live, work and raise a family.” “From signifi cant investments in public transportation and public education, to support for DTA caseworkers and expenses related to the World Cup, to fiscally prudent tax conformity measures – this legislation is representative of the responsible approach that the House will continue to take as we navigate a period of signifi cant economic uncertainty,” said House Speaker Ronald J. Mariano (D-Quincy). “I want to thank Chairman Michlewitz for his hard work, as well as all my colleagues in the House for recognizing the importance of the investments and reforms that this legislation makes.” The bill delays conforming to the federal corporate tax changes that were passed by Congress in the OB3 Act last year, which will represent approximately a $400 million revenue loss for the Commonwealth when fully implemented. Under the bill, the Research and Experimental expense deduction will be delayed one year; the deductions for the Modifi cation of Business Interest, Depreciable Asset Expensing and Qualifi ed Production Properties will be delayed two years; and the Modifi cation of Qualifi ed Opportunity Zone Investments program will also be delayed two years. However, should the ballot question to lower the state income tax from fi ve percent to four percent pass in November, which would result in a $5 billion revenue loss when fully implemented, the Commonwealth would permanently decouple from these tax credits, preventing them from going into eff ect. The House’s $1.8 billion supplemental budget is funded in part by $1.3 billion from excess Fair Share surtax funds to invest in public transportation and education. Highlights include: · $885 million (M) towards transportation: • $740M towards the MBTA • $525M for the Defi ciency Reserve • $125M for the Workforce & Safety Reserve • $60M for physical infrastructure, focusing on the core subway system • $20M for low-income reduced fares • $10M for water transportation infrastructure • Other transportation items include: • $50M for snow and ice costs • $25M for Regional Transit Authorities workforce development • $30M to fund the Sustainable Aviation Fuel Credit FUNDS | SEE PAGE 7 “WE’RE STILL HERE!” Since 1947 MALDEN AUTO BODY 49 Robin St., Everett, MA 617-389-3030 * Maldenab@yahoo.com Over 79 years of exceptional service! Massone Family Owned & Operated SABATINO/MASTROCOLA INSURANCE AGENCY 519 BROADWAY EVERETT, MA 02149 Auto * Home * Boat * Renter * Condo * Life * Multi-Policy Discounts * Commercial 10% Discounts * Registry Service Also Available PHONE: (617) 387-7466 FAX: (617) 381-9186 Visit us online at: WWW.SABATINO-INS.COM
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