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.
Class in Session at DOR University posted on Jan 20
Looking to educate yourself this tax season? Want to learn more about tax options, or DOR-related issues? All this can be achieved at DOR University, the Department of Revenue’s free online e-learning module. DOR University, created to offer free tax education to the public and …Continue Reading Class in Session at DOR University
Multi-agency investigation in two states leads to charges posted on Nov 19
Earlier this year, the Massachusetts Illegal Tobacco Commission, chaired by DOR Commissioner Amy Pitter, released a report on the illicit tobacco trade which recommends that teaming up with federal, state and local law enforcement can be a successful model for combatting such criminal activity. And …Continue Reading Multi-agency investigation in two states leads to charges
Top priority: protecting the taxpayer and the Commonwealth’s revenue posted on Oct 8
With identity theft on the rise, the Massachusetts Department of Revenue is taking new steps to combat the problem and protect taxpayers. In some cases, this means asking taxpayers to take a quiz before getting their state refund check. DOR is teaming up with LexisNexis …Continue Reading Top priority: protecting the taxpayer and the Commonwealth’s revenue