Friday, June 19, 2009
Ugh.
It's going to be a rough year for a whole lotta' folks. Next year's budget:
I still think that raising the sales tax is a mistake, especially during a recession. ¶ 12:34 AM
Under the proposal, the sales tax would increase from 5 percent to 6.25 percent, which is estimated to bring in an additional $900 million annually, roughly a third of which would be earmarked for the transportation system.No word in this story about the cuts that are included. I'm sure they'll be in the full edition of the Globe tomorrow.
The budget would also boost taxes on meals by 1.25 percentage points statewide, estimated to raise $108 million. Cities and towns would be allowed to raise the meals tax by an additional 0.75 percent.
In addition, the budget would eliminate an exemption on alcohol taxes for items sold in retail stores, and allow communities to raise the local hotels tax by 2 percentage points.
I still think that raising the sales tax is a mistake, especially during a recession. ¶ 12:34 AM
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I always wondered how they calculated the estimated increase. Do they take into account the decrease in sales that will surely come? For many Mass residents it will be cheaper to drive to a neighboring state to have dinner. Mass should raise the gas tax, then they can get you where ever you dine.
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