"State facing years of fiscal woes, analysts say; Key initiatives may be at risk" by Matt Viser, Globe Staff | May 6, 2009
The state may have to rethink the size of its commitment to big-ticket programs such as its landmark healthcare coverage plan, aid to cities and towns, and education funding....
Related:
Pigs at the State Trough
A Slow Saturday Special: Statehouse Slush Fund
Hollywood S***s on Massachusetts
Biotech Giveaway Was Borrowed Money
How many times I gotta put 'em up?
The tumbling economy eviscerates state revenue collections across the board. Lower earnings and higher unemployment eat into the income tax. The stock market freefall stripped away capital gains taxes. Fearful consumers shop less and buy less expensive things, drying up sales tax collections.
Oh, I'm sorry, did I not help matters? :-)
A**holes!
The problems are only beginning. Patrick has so far chosen to balance a large portion of the budget with the state's reserve account, which began the year at $2.1 billion and is now down to $1.3 billion, along with one-time federal stimulus money. The state may have to drain most of the rainy day account at the end of this year simply to pay all its bills, leaving little room for error in years to come.
Yup, SITTING on $2 BILLION (at least, that's what the lying, cover-up media claims) while the services get whacked.
You got a RAINY DAY FUND, s***-chewing 'murkn?
The rapid decline is putting further pressure on the need to raise new taxes, as well as to revisit casino gambling....
Translation: these are SCARE TACTICS to push through a TAX INCREASE!
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Thanks, AGENDA-PUSHING GLOBE!
No wonder you are tanking. The public is sick of reading shit like this, and having it shoved down our throat!
