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Fiscal 2014

Friday, February 1, 2013

How the Governor's Budget Proposal Would Affect Concord

The new budget would see a small increase in local aid to Concord.

  Last Wednesday, Governor Patrick submitted his $34.8 billion budget to the Legislature. The proposed income tax hike is part of a comprehensive package aimed at investing in the state's infrastructure and in driving growth, Patrick said. Take a look at how the numbers affect Concord: FY 2013 Cherry Sheet Estimate  FY 2014  Gov. budget ($) 2,075,197 3,155,701 1,080,504 2,111,759   3,180,486 1,068,727 981,239 1,633,158 1,699,148 35,990 Both education aid and general government aid would increase for fiscal 2014 over FY13. Education aid saw a total increase of $1,068,727 for FY14, while the Chapter 70 education aid boost is even greater than that, at $1,080,504. Meanwhile, general government aid for Concord would sa increase of $35,990 over…

In this Article:

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

Bill Montague

1:05 pm on Friday, February 1, 2013

My feelings are that the Govener seems to know what his is doing. So I am happy to back him. That is one difficust job for anyone! Cheers! Bill Montague   more ›

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 …

In this Article:

Patrick Files $34.8 Billion Budget Proposal Wednesday (in Stoneham Patch)

Comment_arrow

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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