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State Budget

Sunday, January 27, 2013

State Aid to Marblehead Would Increase $700K Under Gov's Budget Plan

Marblehead, along with many other cities and towns, would see a significant increase in local aid, particularly in education, under Gov. Patrick's proposed budget.

Under the governor's budget plan for Fiscal 2014, Marblehead, along with many other cities and towns, would get a sizeable bump in state aid. We're talking around 11.6 percent, in fact. According to local aid budget documents available on the state's website, Marblehead is due to receive $6.33 million in total aid from the state by the close of Fiscal 2013 in June. The figures for FY14, however, total at $7.06 million. The majority of the increase would be in education aid ($706,364). The Chapter 70 allotment is slated for a $934,770 increase, along with $364 for the school lunch offset, while charter tuition reimbursements decrease by $288,770. General government aid would only increase by $29,553 -- the town would receive about $38,000 …

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John Buba

3:04 pm on Monday, January 28, 2013

I don't think you understand. The increased local aide will not go to the schools. it will go to the town side of government. That is the whole point. In Marblehead state aid for education does not go to the schools.   more ›

Thursday, January 24, 2013

Patrick Files $34.8 Billion State Budget Proposal

The plan focuses on investments in transportation and education while calling for an income tax increase coupled with a lower sales tax.

Wednesday, January 23, 2013

Patrick Files $34.8 Billion State Budget Proposal

The plan focuses on investments in transportation and education while calling for an income tax increase coupled with a lower sales tax.

Gov. Deval Patrick, in submitting his $34.8 billion budget to the legislature on Wednesday, said the proposed income tax hike is part of a comprehensive package aimed at investing in the state's infrastructure and in driving growth. The proposal asks for an increase in the income tax from 5.25 percent to 6.25 percent coupled with a reduction in the sales tax from 6.25 percent to 4.5 percent. It also doubles personal exemptions.  Despite the proposed income tax hike, Patrick says that low- and modest-income workers will pay less in taxes under his proposal, and only the "more fortunate see a larger increase." "I do not submit this proposal lightly. I understand that many households in Massachusetts continue to struggle from the impact of …

Archie Bunker

9:38 am on Thursday, January 24, 2013

This budget, while lowering the sales tax rate includes for the first time a tax on food items, candy & soda. That is the slippery slope which will allow all food to be taxed and BTW, if you use that vending machine at work, look for the prices to be going up!   more ›

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