Word: budgeter
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Before the sales tax, Cambridge was projected to lose $8.7 million in state aid for fiscal year 2010, a loss Seidel said would probably have forced the city to make layoffs and cuts to services to balance the budget...
Under the plan, $200 million of the new revenue would go to towns and communities for local aid, and $275 million would go to transportation. The sales tax hike stands in contrast to the House’s initial state budget, released on April 15, which did not draw from new sources of revenue or state reserves and included wide cuts to local aid, services, and programs...
...budget that just passed both houses of Congress has given the prospects for health-care reform this year a big boost. With the inclusion of procedural language that would make it impossible for opponents to filibuster, it will now take a simple majority to pass the Senate, rather than 60 votes, simplifying the political arithmetic considerably...
...that is only the beginning. As hard as it will be for lawmakers to navigate the political and philosophical minefields to get to 51 votes for health-care reform, the most difficult challenge of all may be the number on the bottom line. Under the budget rules, any reform scheme will have to pay for itself within six years. (See five truths about health care in America...
...economy writ large, where health care now accounts for about 17% of all spending, more than double its percentage in 1970. "Ironically, the things that may wind up being the most important are the things that we will get little or no credit for" under the budget rules, says White House Office of Management and Budget Director Peter Orszag...