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.
Your Mass State Taxes Made Easier posted on Mar 9
With the tax season now in full swing, there are several resources at your fingertips to make filing your taxes hassle-free. Enhanced Website Earlier this year, we launched a new DOR homepage, making it faster now to find exactly what you need to file and …Continue Reading Your Mass State Taxes Made Easier
3 Steps to Catch Up on Back MA Taxes While Avoiding Penalties posted on Mar 4
Watching a game-winning goal in overtime is as exciting as hockey gets. With DOR’s MA TAX AMNESTY 2016, you can stay out of the penalty box by paying only what you owe. Read on to find out more. What is MA TAX AMNESTY 2016? It’s …Continue Reading 3 Steps to Catch Up on Back MA Taxes While Avoiding Penalties
EITC – Helping Low and Moderate Income Families in MA posted on Jan 29
EITC, also known as the Earned Income Tax Credit, has been helping low to moderate income families in Massachusetts and across the country for over 40 years. In recent months, Governor Charlie Baker and members of the Legislature have worked hard to ensure that working …Continue Reading EITC – Helping Low and Moderate Income Families in MA