Thursday, December 16, 2010

Mass Budget has new fact sheets

The Massachusetts Budget and Policy Center has a new video on the Chapter 70 funding formula at this link.
Another new fact sheet examines the Massachusetts state income tax The Income Tax
Finally, their paper on why taxes and spending are often compared based on their percentage to overall earned income is found at this link.
The Massachusett state budget is likely to be ...

... $1.5 billion dollars in the red for the next fiscal year. The shortfall will undoubtedly result in lower aid to municipalities and school districts. Mass Budget has a tool, the Budget Browser, which can be used to explore the effects of the cuts as the budget proceeds from the Governor through the legislature. The tool has information on the years 2000 until today. The fiscal year 2012 budget which begins on July 1, 2011 has not yet been submitted by the Governor

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