While all politics may indeed be local, all recessions are not.
The Center for Budget and Policy Priorities, a non-profit Washington D.C. budget and policy think tank that pays special attention to state finances, has just released a report on states' fiscal pictures and the portrait remains dark and gloomy.
Only Montana and North Dakota, states bouyed by mineral-rich economies, have avoided fiscal distress.
The combined budget gap in the states for FY 10 and FY 11 is in the neighborhood of $350 billion. Federal stimulus funds of about $140 billion will offset this gap by about 40 percent, but the stimulus money will run out at the time when the gaps between revenues and expenditures are growing wider, in FY11.
The Top Ten Benefits of “MassTaxConnect” for Business Taxpayers posted on Jul 30
Getting to know DOR’s New, Modernized Filing System As you may have heard, the Massachusetts Department of Revenue is revamping the way the business taxpayers can file taxes in the Commonwealth. This new filing system, MassTaxConnect, offers taxpayers a state-of-the-art tax administration system that will …Continue Reading The Top Ten Benefits of “MassTaxConnect” for Business Taxpayers
Prep Early for Next Tax Season posted on May 20
Filing season is finally over and we know the last thing on your mind is next tax season. But did you know that if given more prep time, you could be saving yourself lots of stress and time? Start planning for next tax season now …Continue Reading Prep Early for Next Tax Season
DOR’s Participation in the Family Court Workshops posted on Apr 22
Once a month, the Department of Revenue’s Child Support Enforcement (CSE) lawyers and staff volunteer to be a part of the Family Court Workshops for Mothers and Fathers at the Suffolk County Probate & Family Court in Boston. The workshops, a joint venture between community …Continue Reading DOR’s Participation in the Family Court Workshops