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Fiscal 2014

Monday, January 28, 2013

Newton Legislators: Patrick's Budget Proposal is the Start of an Important Conversation

Newton's Rep. Kay Khan, Rep. Ruth Balser and Sen. Cindy Creem react to Governor Patrick's $34.8 billion fiscal 2014 budget proposal, which includes significant changes to taxes.

With a deteriorating transportation system and a need for more investment in education, Newton legislators said last week Governor Deval Patrick's fiscal 2014 budget and new tax proposals are the beginning of a long, but necessary, discussion in Massachusetts.  "[Patrick] has started an important conversation," Newton Rep. Ruth Balser told Newton Patch last week.  Last week, Patrick unveiled his $34.8 billion fiscal 2014 budget, which included a comprehensive package and tax proposal aimed at investing in the state's infrastructure and education. 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 …

Saturday, January 26, 2013

Patrick's Budget: Can The State Afford It Right Now?

The governor's budget proposal for fiscal 2014 would raise $1.9 billion in new revenues through a combination of tax increases and eliminating some tax breaks. Is the state's economy ready for this?

  After years of treading water in the state budget, Gov. Deval Patrick has put forth an ambitious $34.8 billion proposal for the coming fiscal year that would make significant investments in education and transportation by raising $1.9 billion in revenue, through a combination of tax increases and eliminating some tax breaks. The question: Is the state's economy ready for this? To raise that funding, Patrick's proposal would increase the income tax from 5.25 percent to 6.25 percent, while doubling personal exemptions. It'd also lower the sales tax from 6.25 percent to 4.5 percent. Several tax breaks for both personal income and businesses would be eliminated. The gas tax would be indexed to inflation, ensuring gradual increases in what …

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M C Stringfellow

8:02 am on Wednesday, February 27, 2013

Aron, I am sorry I did not get back to you earlier, but Murphy;'s law came for a visit. A question, where did you get your information? I would like to read the same along with another book on The Depression. Every one gets a slant from the material they read. One source is not enough. then, I will get back to you on FDR and the Depression and the economy. Have a great day.   more ›

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