Page 2 THE REVERE ADVOCATE – FRIDAY, JULY 22, 2022 Mass. House passes $4.2B economic development bill Bill makes signifi cant investments across the state, includes economic relief rebates and permanent tax breaks L ast week the Massachusetts House of Representatives passed an economic development bill that uses American Rescue Plan Act (ARPA), Fiscal Year 2022 surplus funds, and bonds, to make signifi cant investments across several vital sectors of the economy, and to give back to low- and middle-income residents in Massachusetts by providing onetime rebates and significant tax relief beginning in 2023. Funded at $4.2 billion, the legislation addresses disparities exacerbated by the COVID-19 pandemic through one-time investments in health and human services, the environment and climate mitigation, economic development, housing and food insecurity. An Act relating to economic growth and relief for the Commonwealth passed the House of Representatives, 154-0, and now is being considered by the Senate. “As Massachusetts residents continue to face severe infl ation and economic uncertainty, I’m proud of the action taken by the House last week that will provide low and middle-class taxpayers with much needed financial relief,” said House Speaker Ronald Mariano (D-Quincy). “Included in this legislation are several significant tax relief proposals, over $2.5 billion worth of onetime industry targeted investments, economic relief rebates for qualifying taxpayers, and a newly established source of revenue to fund the state’s early education and care system. These are vital forms of real, tangible economic relief. I want to thank Chairs Michlewitz, Cusack, Parisella, Gregoire, and Hunt, as well as all my colleagues in the House, for the hard work required to put this ever-important economic development package together.” “This well-rounded spending package makes signifi cant, targeted investments [to] help OUR OFFICE HAS MOVED TO 519 BROADWAY, EVERETT SABATINO INSURANCE AGENCY 519 BROADWAY EVERETT, MA 02149 PHONE: (617) 387-7466 FAX: (617) 381-9186 Visit us online at: Rocco Longo, Owner WWW.SABATINO-INS.COM JESSICA GIANNINO State Representative support major sectors of our economy and make us more competitive with other states,” said Representative Aaron Michlewitz (D-Boston), who is Chair of the House Committee on Ways & Means. “By making these investments and offering much needed tax relief to our middle-class constituents, we will be giving a muchneeded boost to our residents who were hit the hardest by this pandemic.” “As a member of House Economic Development Committee, I am proud to have worked on this legislation, as it will provide much needed relief for the citizens of the 16th Suff olk District,” said Representative Jessica Giannino (D-Revere). “Thanks to Speaker Mariano’s leadership, Chairman Michlewitz’s support, and the support from my collogues in the House, I was able to secure $8,100,000 in ARPA funds to be put towards infrastructure JEFFREY ROSARIO TURCO State Representative improvements in the City of Revere; specifi cally, improvements to the Riverfront District and Revere Food Hub. As for the Town of Saugus, $28,000 in ARPA funds for equipment for both Saugus Fire Department and Police Department. Within this legislation, bonds have also been secured for the 16th Suff olk District, accruing to $1,000,000 to be put towards local economic recovery eff orts in the City of Revere. In addition, $75,000 to be used for Cliftondale Square Planning and Zoning Review and local economic recovery efforts in the Town of Saugus. I am so grateful for what this important legislation will provide for Revere and Saugus.” “This bill represents a nearly once in a lifetime investment across all segments of our society. Sound permanent tax relief, immediate relief for those taxpayers that are paying the freight in this Commonwealth, permanent relief for families with children and renters. All of this coupled with significant fi nancial investments in infrastructure in Revere. I am particularly proud to have secured $100,000.00 in emergency repair funds for the historic Beachmont Post No. 6712 VFW and to be a part of the team that helped pass this important bill,” said Representative Jeff rey Turco (D-Winthrop). “Last week, the House passed much needed relief for the citizens of the Commonwealth. The one-time stimulus program we adopted, along with the Essential Premium Pay Program from earlier this year, means that nearly three million residents will have received direct payments totaling nearly $1 billion this year,” said Representative Mark Cusack (D-BrainBILL | SEE Page 10
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