Word: revenueã
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...remaining, it will require draconian measures to meet this,” City Manager Robert W. Healy said. At the meeting, Keefe explained that it would be impossible for CHA to absorb such extensive budget cuts—equivalent to about 20 percent of CHA’s annual revenue??for the current fiscal year. The state’s budget cuts call for withholding $200 million in Medicaid reimbursements from healthcare providers; $40 million of those reimbursements had been allotted to CHA. Other state budget reductions in the areas of education and healthcare management will...
...Sandberg, a top Google executive, to help run the social-networking juggernaut. Sandberg will now become Facebook’s chief operating officer. While at Google, Sandberg led Adwords—the advertising unit that accounts for the lion’s share of Google’s annual revenue??and headed the development of Google’s philanthropic arm, Google.org. “Sheryl was a valued member of the Google team and we wish her well in her new endeavors,” a Google spokesperson wrote in an e-mailed statement. According...
According to an online blog post by Jared Bernstein of the Economic Policy Institute, Mankiw had previously criticized certain supply-side arguments—namely, that lowering tax rates could actually generate more tax revenue??and then reversed his opinion while working in Washington...
...nonprofit educational institution, the University is exempt from property taxes. Because Harvard’s acquisition of the Arsenal would remove the land from the tax rolls, Watertown faced the prospect of losing a substantial amount of revenue??one-third of its entire commercial tax base—from a site that it had spent a decade redeveloping...
...taxes in Cambridge’s increasingly tight housing market, government spending on social programs, and the potential closure of community centers. Citing difficulties imposed by existing state law, incumbent candidates pointed to their efforts at easing the blow of property taxes—a main source of city revenue??such as reexamining property assessment methods or working with the state legislature. Councilor Timothy Toomey, Jr. and Mayor Michael A. Sullivan, who is one of the nine council members, each suggested that additional funds from Harvard could help ease the burden on overtaxed residents.estion of whether taxes should...