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State Budget

Thursday, March 14, 2013

Patrick Addresses Hundreds at Rally to Support His Budget Plan [VIDEO]

The rally was organized by Campaign for our Communities, a coalition of over 120 organizations across the commonwealth.

Hundreds of people bused in from across the state packed into a State House auditorim Tuesday morning to rally in support of Gov. Deval Patrick's tax plan, which they say is critical to make much-needed improvements in education and transportation infrastructure.  The rally, which was organized by Campaign for our Communities, a coalition of over 120 organizations across the commonwealth, ended with attendees heading off to the offices of their representatives, urging them to vote for Patrick's plan. The governor's $34.8 billion budget proposal calls for an increase in the income tax from 5.25 percent to 6.25 percent and the elimination of 44 deductions coupled with a decrease in the sales tax from 6.25 percent to 4.5 percent and a …

Monday, January 28, 2013

Chang-Díaz on Budget: ‘Gutsy and Sensible’

The state senator from the South End offered her opinion on Gov. Deval Patrick’s $34.8 billion budget proposal.

As the state continues to digest Gov. Deval Patrick’s budget, one local elected  official has called the $34.8 billion proposal “gutsy.” “Like everyone, I am still digesting the details of the Governor’s proposal," Sonia Chang-Díaz, senator for the 2nd Suffolk District, emailed to South End Patch Friday afternoon. "But in its broad strokes, I think it’s both gutsy and sensible that the Governor is prompting an adult conversation across the Commonwealth about how we pay for the things our communities need and that we know work. It’s much needed.”  Patrick’s proposal, submitted Jan. 23, 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 …

justmaybe

9:20 am on Monday, January 28, 2013

Gutsy and sensible to include income from gambling casinos that do not exist ?   more ›

Thursday, January 24, 2013

Patrick Files $34.8 Billion Budget Proposal Wednesday

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 …

Tuesday, December 4, 2012

Governor Proposes Half-Billion in Cuts to Deal with Low Revenues, 'Fiscal Cliff'

Patrick announced the budget adjustments Tuesday.

In anticipation of the “fiscal cliff” combined with projected tax revenues that are more than half a billion dollars lower than previously expected, Gov. Deval Patrick released a revised budget designed to deal with the gap on Tuesday.  “The uncertainty of the fiscal cliff and the resulting slow down in growth, is the direct cause of our budget challenges,” Patrick said. “Congress and the President must come to terms on a solution so the private sector will continue to make the kind of investments that create jobs, grow state and federal tax revenue collections and contribute to a lasting economic recovery." The state is now expecting to bring in roughly 21.5 billion in tax revenue, and Patrick's plan to bridge the gap between this amount …

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