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.
MassTaxConnect for Fiduciary Taxes – Get Started on December 5, 2016! posted on Nov 14
With WebFile for Income Stepping Aside, MassTaxConnect Steps Up MassTaxConnect, the Commonwealth’s new tax revenue system, will be expanding to include fiduciary and other taxes on December 5, 2016. As you may already know, WebFile for Income is now officially closed as we prepare to …Continue Reading MassTaxConnect for Fiduciary Taxes – Get Started on December 5, 2016!
November 6: WebFiIe for Income Makes Way for MassTaxConnect posted on Nov 4
WebFile for Income says goodbye as MassTaxConnect welcomes more taxpayers In anticipation of MassTaxConnect expanding to include 10 additional tax types, WebFile for Income will say goodbye to users on November 6 at midnight. Save the date – pay bills electronically through November 6 If …Continue Reading November 6: WebFiIe for Income Makes Way for MassTaxConnect
Form CA-6 is Going Away on October 31: What You Need to Know posted on Nov 1
Amendments and abatements are now separate processes Form CA-6 is like an old friend and now we have to say goodbye. It was very useful for filing abatements or amending returns. Now those processes will be separated, as they’ve already been for business taxpayers. Hello …Continue Reading Form CA-6 is Going Away on October 31: What You Need to Know