Saturday, May 11, 2013
Results from a recent executive survey ranked Massachusetts 47th for business.
A CEO magazine ranks Massachusetts as one of the worst states in the nation for business. Chief Executive Magazine ranked Massachusetts 47th based on a survey of corporate leaders. Survey respondents reported the Bay State is one of the worst for taxation and regulation. The state Republican Party is pointing to the survey and saying that Gov. Deval Patrick and the Democratic-led Legislature are bad for the economy and business. What do you think about Massachusetts’ business climate? Is this a good state in which to do business?
Saturday, April 6, 2013
Should the state forge ahead with Gov. Deval Patrick's bold plan to invest now? Or should it follow the Legislature leadership's proposal to address the bottom line before embarking on bigger initiatives?
Massachusetts legislators this week answered Gov. Deval Patrick's ambitious plan to raise $1.9 billion for transportation and education with a $500 million plan of their own, which says the governor is asking for too much, too soon as the Bay State shakes off the effects of the Great Recession. Who's right? Should the state forge ahead in a bold plan to invest now? Or should it cautiously address the bottom line before embarking on bigger initiatives? While Patrick's plan includes funding for both the state transportation system and increased education funding from preschool through college, House and Senate lawmakers eschew new revenue for education, focusing solely on closing the transportation budget gap over the next five years. The …
Saturday, March 2, 2013
The governor's optimistic but state legislators don't sound so sure. What do you think?
Governor 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 to 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 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 the program…
Saturday, January 26, 2013
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 hikes 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 people …
Thursday, January 17, 2013
Tell us: do you think we need to increase taxes to strengthen education and transportation?
In his State of the Commonwealth address Wednesday night, Gov. Deval Patrick proposed raising the state's income tax by 1 percentage point and lowering the sales tax to pay for $2 billion in transportation improvements and early childhood education programs. "There is no good time to raise taxes," Patrick said. "I know how tough the times have been on the people and families of the Commonwealth. And though the worst of the recession is over, many, many families still face tough decisions and have deep anxiety about the future. I would not ask if I did not believe in my heart that investing meaningfully today in education and transportation will significantly improve our economic tomorrows." Income tax hiked to 6.25 percent Patrick said…
Saturday, November 24, 2012
Gov. Deval Patrick plans to ask lawmakers to raises taxes to make up for the shortfall in Massachusetts' transportation system. What options should they consider and what's off the table?
Would you be willing to pay more at the pump, have a tracking system on your car that taxes you by the mile, or see tolls on state highways? Those are just some of the possibilities looming as Massachusetts looks to erase the state's transportation system's deficit. The Boston Globe reported that Gov. Deval Patrick will ask lawmakers to raise taxes in order to pay for a transportation system—from the MBTA to roads and bridges—that continues to operate in the red. The administration will present a specific proposal by Jan. 7. One option is raising the gas tax, a route Patrick sought in 2009 only to be rebuffed by the legislature. Patrick sought a 19 cent increase while business groups endorsed a 25 cent increase. Ultimately, the state …
Thursday, December 15, 2011
Mayor Driscoll calls proposed increase one of the lowest in the region. No agreement yet with Dominion Resources.
Salem taxpayers are likely to learn tonight what they will be paying in property taxes next year. The city has not yet reached an agreement with Dominion Resources on what it will pay in taxes for 2012, but that should not affect the tax rate for next year. The proposal from Mayor Kimberley Driscoll is to raise taxes on single-family homes and condominiums, while the proposed taxes on duplexes and tri-plexes is expected to go down. The City Council is expected to act on the tax rates at a special meeting, probably its last for the year. The valuations of commercial properties have held steady, which means businesses will see only a modest increase in their taxes. Commercial properties are taxed at a higher rate than residential properties…
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Steve Marino
3:30 pm on Tuesday, May 14, 2013
The may be the biggest story since watergate, and the New York Times had this story on page 10! more ›