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Tag Archives: Massachusetts budget
Massachusetts House Passes Supplemental Budget
The Massachusetts House of Representatives passed a supplemental budget this week which added some spending, and dealt with the Patrick Administration’s request to deal with a $550 million dollar shortfall in this budget cycle. The House declined to accept the … Continue reading
Increased Massachusetts Revenue: Where Is It Coming From?
Governor Deval Patrick has unveiled a budget and tax plan that delivers just under $2 billion in new revenue to state coffers to fund transportation and educational initiatives. The Governor’s proposal does not simply rely on a straight increase in … Continue reading
The Governor's New Budget- More Choices
The Governor filed his FY 2014 Budget this week, and I would venture a guess that the Legislature’s collective head is about to explode. His budget builds the tax increases he unveiled earlier in to pay for transportation and education … Continue reading
Posted in Methuen, Municipal Finance, State News
Tagged Governor Deval Patrick, Massachusetts budget
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Consensus Revenue: By the Numbers
I did a post yesterday on the upcoming Massachusetts State budget, and a major portion of that post dealt with the “estimated revenue” that plays a central role in the formation of the spending blueprint for the Commonwealth. My post … Continue reading
Michael Widmer on the Massachusetts Budget
Some comments from Michael Widmer, laying out some of the issues facing the Commonwealth, and some of the unpleasant options facing the State as we begin looking to the FY 14 budget. Widmer was a guest on WBUR, Public Radio.
No Massachusetts Tax Reductions on January 1, and…..
The relatively modest reduction in the state income tax rate scheduled to occur on January 1, from 5.25% to 5.2%, will not occur, as the financial yardsticks necessary for implementation have not been met. As you may recall voters opted … Continue reading
Posted in Municipal Finance, State News
Tagged Massachusetts budget, Massachusetts Transportation
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Real Muni Health Care Reform
The Legislative Budget Conference Committee has reached agreement on the State budget, with the much watched municipal health care reform portion surviving with substantive reform intact. From the State House News Service: The final proposal, according to a budget document … Continue reading
Posted in Health Care Reform, State News
Tagged Brian Dempsey, Massachusetts budget, Steve Brewer
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Medicaid Costs Continue to Drain State Budget
Medicaid costs in Massachusetts continue to rise at an exponential rate, with new figures showing that program absorbing all new state growth and forcing enormous cuts in just about every other area of government. The news on the prospective budget … Continue reading
Mass House Passes Sales Tax Hike
The Massachusetts House, working into the night, passed a sales tax hike of 1.25%, bringing the sales tax to 6.25%. The House passed the increase after a day of hard lobbying by the Speaker, by a vote of 108-51. I … Continue reading
Sales Tax Increase on the Way?
The media generated talk these days has many focused on the possibility for an increase in the sales tax as a way to forestall some of the major cuts put forward in the House budget. The Globe has run a … Continue reading