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Governor's Budget: Investments and Revenue |
In his budget for FY 2014, the
Governor proposed significant new investments in Early Education & Care,
K-12 Education, Higher Education, and Transportation. To fund these
investments--and avoid cuts to other vital public services--the Governor's
budget also includes a detailed plan to raise new revenue. As part of our
ongoing analysis of the Governor's plan, MassBudget is releasing two new budget
briefs.
The first, "Investments and Revenue in the Governor's
Budget," presents a concise, 2-page overview of key initiatives in the
budget proposal. Notably:
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Significant new funding for Education, including greater support for the nearly 1 million students in K-12 public schools, increased access to quality Early Education & Care, and steps to help make Higher Education more affordable
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Investments to fix and improve our statewide transportation system--roads, buses, bridges, and subways
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The tax proposals that would fund these investment
Our second brief, "Tax Policy Proposals in the Governor's FY 2014
Budget," describes the Governor's proposals to raise new revenue while
increasing the fairness of our tax system. Among other things, it analyzes:
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The major revenue-generating piece of the Governor's plan, which involves raising the income tax rate while lowering the sales tax
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Changes to various deductions, including the elimination of some popular income tax breaks and the doubling of the personal exemption
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How Massachusetts businesses would be affected by the tax changes
As a reminder, all of our work
on the Governor's budget--including these new briefs--can be found here.
See all of our BUDGET RESOURCES
The Massachusetts Budget and Policy Center (MassBudget) produces policy research, analysis, and data-driven recommendations focused on improving the lives of low- and middle-income children and adults, strengthening our state's economy, and enhancing the quality of life in Massachusetts. |
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