As the Massachusetts Taxpayers Association predicted, the Senate Ways and Means Committee yesterday released a $40.3 billion state budget yesterday that closely hews to House and Baker administration proposals on overall spending and tax increases, including the inclusion of a new employer health-care assessment tax opposed by many in the business community.
But the Senate budget did differ from the separate House and administration proposals in one key, sensitive area: A tax on short-term home rentals, via Airbnb and other rental companies. The Globe’s Curt Woodward notes the sometimes stark differences in the Senate, House and administration versions of the tax, differences that could lead to tough negotiation in the final days of the legislative session. The Herald’s Matt Stout reports how the various proposals are starting to unnerve the Massachusetts Association of Realtors, which is warning it could force homeowners who occasionally rent their homes to “go underground.”
Quickly, in other Senate budget news: CommonWealth’s Bruce Mohl reports on how the Senate budget would empty the Horse Race Development Fund to help fund the overall state budget; the AP’s Bob Salsberg at WBUR reports how the Senate budget doesn’t make any adjustments in highly questionable revenue estimates for next year; and SHNS’s Katie Lannan at CommonWealth reports on how the entire Senate budget is built on shaky revenue forecasts. The House and Baker budget proposals are also built on shaky revenue forecasts, for that matter.
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