David and any other readers, Please watch this Youtube video; I know it is sensational and not nuanced but also know we can NOT continue on the path of borrow and spend. http://www.youtube.com/watch?v=OTSQozWP-rM&feature=related
Budget
budget and local aid updates, community preservation act, financial outlook, local aid policy, priorities/requests, resources, revenue, taxes
Stimulus spending
“Saturday afternoon on NPR James Fallows proclaimed that “there is essentially no disagreement WHATSOEVER” among economists that more stimulus spending is necessary today [emphasis in the original]. He are misinformed. Last year, hundreds of economists signed a petition, circulated by the Cato Institute, whose key clause reads “it is a triumph of hope over experience …
Sales tax on alcohol – other taxes, and other consumer savings
There’s been a bit of press about the drive to repeal the sales tax on alcohol. Personally, I’m not crazy about paying an extra $1.25 on a case of Harpoon IPA. I have some questions (which I can’t find answers to on the state web site) and a suggestion. Questions: What other taxes are there …
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The Budget Conference Report
We passed the conference committee report this week. It now goes to the Governor’s desk for review.
State Stabilization Fund
The state’s stabilization (or “rainy day”) fund is designed to buoy the state through tough economic times, and it has certainly been used in the recent recession. This post will examine the set-up of the fund, the recent history of its use, and its future in getting the state through the Great Recession. The stabilization …
Transparency Improvements Passed
In April, the House, with leadership support, passed two big steps in the right direction on financial transparency. The Senate, during budget debate, approved roughly the same measures, making their final passage highly likely.