Every time lawmakers consider considering a closing budget bill, Secretary of State William Galvin wants them to pad it out with an extra $50 million to help the Bay Staters heat their homes this winter.
Galvin’s office announced Tuesday that the Democrat will file a pending supplemental budget amendment once it begins to move, which would create a $50 million reserve in the custody of the state treasurer to fund the heating oil supply, renewing a push it had made in September.
That money could be used to offer guarantees or loans to fuel wholesalers in Massachusetts so they can acquire more inventory or to help individual homeowners with the cost of purchasing home heating oil, Galvin said.
“No matter how you heat your home, prices are going to be much higher this winter than they were last year,” Galvin said in a statement.
Airbnb posts $1.2 billion in Q3 profit
Airbnb reported record third-quarter profit of $1.21 billion as bookings and average daily rates increased, and the company said on Tuesday demand for short-term rentals remained strong despite economic uncertainty.
However, earnings and bookings were below Wall Street expectations. The company said booking growth would slow in the fourth quarter, while average daily rates would also come under pressure.
Airbnb shares fell 7% after about two hours of extended trading.
Airbnb shares have fallen nearly 35% this year despite the travel recovery, a highly profitable first half, and relentless upbeat comments from CEO Brian Chesky and other business leaders.
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