THEY LIED!
And the TAX ROLLS are coming in AS PREDICTED by THOSE WHO OPPOSED the ONLY ANSWER THEY KNOW here in liberal Massachusetts.
"State may see $200m shortfall; Tax revenue drop could force more budget slashing" by Matt Viser, Globe Staff | September 29, 2009
State tax revenues are on pace to fall as much as $200 million below projections this month, signaling a disappointing year in tax collections that could trigger new rounds of emergency budget cuts, preliminary figures show.
The projected shortfall, based on figures from the state treasurer’s office, may require Governor Deval Patrick to slice hundreds of millions more from this year’s budget, which he signed only three months ago. It would be the fourth time in a year that Patrick has been forced to make midyear cuts. The lagging revenues, despite increased taxes this year and signs of life in the state economy, could hurt Patrick politically as he heads into a reelection campaign next year.
Well, I'm going to ignore the lie about life in the economy; however, Patrick is a prone in the water. He's done.
See: On-the-Job Training
As for the lagging revenues, EVER THINK that is BECAUSE of the INCREASED TAXES, you PRO-TAX PAPER?
Yeah, that is the KIND of BIAS you SEE EVERY DAY if you read the Globe regularly. So much for OBJECTIVE JOURNALISM!
His opponents, running on themes of fiscal responsibility, argue that they would be better than Patrick at guiding the state out of its economic doldrums....
Related: The Perils of One-Party Politics: The Problem
'nuff said!
With only two days remaining in September, the state has collected $316 million less than anticipated, according to calculations by the state treasurer based on the actual taxes deposited daily by the Department of Revenue. State revenue officials estimate that $92 million will be collected today and tomorrow, which would leave a shortfall of $224 million.
Which is even more dire than the headline (sigh).
And how do you feel about their always-wrong, overly-optimistic projections?
Be more than $224m, right?
Several variables remain....
Yeah, aye-aye, Globe! Pfffft!
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Over the first two months of the fiscal year, July and August, tax collections were more than $30 million above expectations. But September, when school is back in session and spending typically increases, is often the early bellwether of how the fiscal year is shaping up....
Who knows if what they are saying is true; dealing with a self-serving state government and MSM with every motive to lie.
Ever notice the imminent recovery keeps getting pushed back, pushed back, pushed back?
The state’s budget problems are compounded by the fact that Patrick and top lawmakers have relied in large part on one-time revenues to plug the previous budget gaps, using federal stimulus money that will dry up next year and a state reserve fund that is dwindling.
And THAT is NOT STIMULUS at all!!!! YOU WERE ROBBED, America!
The "stimulus" was NOTHING MORE than a GRAB-BAG of GOODIES for FAVORED PROJECTS and POLITICIANS! COVERING a BUDGET DEFICIT does NOT CREATE ONE JOB or a GOING CONCERN that will CONTINUE PRODUCING PRODUCTS and JOBS!!!
Additionally, economists have warned that the state is in a multiyear cycle that will continue to strain budgets until at least 2014....
2014!!!!!!! 2014!!!! HOLY MACKEREL!!
Revenue dropped despite a controversial decision by Patrick and the Legislature to increase taxes by more than $1 billion, including boosting the state sales tax from 5 percent to 6.25 percent.
Again with the DESPITE rather than the BECAUSE!
Your ONE-SIDED, AGENDA-PUSHING, PRO-TAX BIAS (as long as it isn't the Glob's favored interests like non-profs, Harvard, etc, just the taxpayers taking another bath) is SHOWING, Globe!
Retailers warned that the state would not raise nearly as much as estimated, predicting that customers would go to New Hampshire or the Internet to avoid additional taxes.
Aaaaaay, YUP!!!!!!
And I wasn't alone: Slow Saturday Special: Nawth to New Hampshire
Only 10 MINUTES AWAY!!!
This is the first month of tax collections that will reflect the new sales tax increase, but revenue figures have not been finalized and released in detail, so it is unclear how much of a dropoff that accounts for. News of September tax collections was released as the Patrick administration’s top budget chief is leaving for a new position at Harvard University.
It's called rats deserting a sinking ship: Kirwan Returns to Ivory Tower
Patrick announced last week that Leslie A. Kirwan, secretary of administration and finance, was submitting her resignation after guiding his administration for the past 2 1/2 years.
The projected revenue drop indicates that the effects of the national recession are still being felt deeply in Massachusetts.
Yeah, make excuses for the governor you favor again, Glob. That's why you can't trust their coverage.
Last fiscal year, which ended June 30, revenues dropped billions below initial expectations. Patrick administration officials say they have eliminated about 1,400 positions....
One day they tell us government added, the next day whacked. I can't keep track anymore. I'm so non-plussed with the paper now.
Patrick said yesterday afternoon: “.... better times are ahead.’’
That kind of crap isn't winning him any more voters.
I just thought you might like to know where your tax dough IS going, Bay-Stater:
Governor Guts State Services
Pigs at the State Trough
A Slow Saturday Special: Statehouse Slush Fund
Biotech Giveaway Was Borrowed Money
Massachusetts Residents Taken For a Ride
UBS Picks Up Pike
Slow Saturday Special: Day at the Movies
The Hollywood Heist of Massachusetts
