Massachusetts Gov. Deval Patrick Wednesday released a $30.5 billion fiscal 2012 spending plan with $570 million less spending than the current fiscal year’s operating budget.
This is the first budget proposal of Patrick’s second term as governor. It uses $385 million of one-time revenues, including $200 million of rainy-day funds, a decrease from previous years. Massachusetts used $3.2 billion of one-time revenue in fiscal 2009 during the national recession with the help of federal stimulus funds. Massachusetts’ fiscal year begins July 1.