Saturday, March 2, 2013
The governor is optimistic but state legislators don't sound so sure. What do you think?
Gov. Deval Patrick is still bullish about his budget proposal, which will raise $1.9 billion in new revenue through an increase in the income tax, decrease in the sales tax, and various other changes to taxes, fees and deductions. But the men and women who have to pass the bill don't sound as eager to support a package many see as a politically damaging measure. The Boston Herald quotes several Beacon Hill legislators who sounded notes of caution and outright opposition to the budget. Those quoted cited the 1990 election losses in the wake of an income tax increase, pressure on small businesses and the higher price of gas as reasons they were skeptical. And the governor's new Web tools touting proposed transportation and education …
Saturday, February 23, 2013
Massachusetts is chock full of defense contractors, federal employees and federal program beneficiaries. Are you worried the U.S. budget sequester will hurt your family's finances?
The U.S. government has a week before its self-imposed sequestration deadline. If enacted, the across-the-board cuts to the federal budget could mean layoffs, decreased aid and lower government spending. That could mean trouble for some popular government programs, such as Social Security and Medicare. Defense contractors are also preparing for lost and reduced contracts with the government. Locally, it could also doom smaller programs that have a big impact. The Low Income Home Energy Assistance Program (LIHEAP) helps families in need pay for home heating oil and other energy costs. Massachusetts stands to lose over $11 million in assistance under this one program alone. Representatives Ed Markey and Jim McGovern are trying to shield …
Wednesday, January 23, 2013
The plan focuses on investments in transportation and education while calling for an income tax increase coupled with a lower sales tax.
In submitting his $34.8 billion budget to the Legislature Wednesday, Patrick said the proposed income tax hike is part of a comprehensive package aimed at investing in the state's infrastructure and in driving growth. The proposal asks for an increase in the income tax from 5.25 percent to 6.25 percent coupled with a reduction in the sales tax from 6.25 percent to 4.5 percent. It also doubles personal exemptions. Despite the proposed income tax hike, Patrick says that low and modest-income workers will pay less in taxes under his proposal, and only the "more fortunate see a larger increase." "I do not submit this proposal lightly. I understand that many households in Massachusetts continue to struggle from the impact of the Great …
Wednesday, March 16, 2011
School Committee budget hearing is tonight.
"Five Things You Need to Know Today" is a Patch column that provides readers with essential, daily information at a glance. Let us know what you think of the feature in the comments section. Today is Wednesday, March 16. Here are five things you need to know: To find out what is going on today in Woburn, check out our events listings.