Word: devallance
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...vice mayor of the City of Cambridge. He said that the income generated by the capital gains tax is expected to be reduced by at least $750 million in the fiscal year of 2009, citing the data presented at the Massachusetts Taxpayers Foundation. Massachusetts governor Deval L. Patrick ’78 implemented the budget cuts on Oct. 15, as a response to an estimated state budget deficit of $1.4 billion. The deficit has been caused by the current economic slowdown and the corresponding decline expected in state revenue, according to Patrick’s press statement. Among the affected...
...that the current round of budget-slashing will pale in comparison to future cuts undermining basic services like fire and police departments. Cambridge isn’t the only place in Massachusetts to feel the pinch of a statewide budget shortfall. Recently, in response to spiraling state revenues, Governor Deval L. Patrick ’78 was forced to announce more than $1 billion in budget cuts, affecting towns and cities across the Commonwealth. As Patrick recently said, “This is not about cutting so-called fat. This is going to cut muscle, because the scale...
...cuts, announced by Mass. Gov. Deval L. Patrick ’78 earlier this month in response to the deepening economic crisis, trimmed over $1 billion from the state budget...
Like the nation, Massachusetts is already facing an economic crisis. Governor Deval L. Patrick ’78 has already had to slash the state budget by $1 billion. The cuts—$9 million for law enforcement, $31.9 million in mental-health resources, 1,000 jobs—have sobered members of both political parties. Question 1 would only kick us while we’re down. Revenue from the income tax represents 40 percent of Massachusetts’ budget—without it, the state faces cuts of $12.5 billion...
...Department of Transitional Assistance has placed families without homes in motels. The program was phased out in 2004 but reinstated in 2007 as demand for shelters exceeded supply due to the nationwide economic downturn. The Council’s consideration of homelessness follows an effort by Mass. Governor Deval Patrick to end family homelessness and cut the state’s costs by using a preventive approach. But councillors said they thought the problem would only get worse in the near future, citing the state’s budgetary woes and Question 1, a ballot initiative that could abolish...