Dearth And Taxes

Two – wait for it – very different takes on Taxachusetts in today’s local dailies.

Start with this glass-half-empty front-page piece in the Boston Globe:

Mass. tax revenues decline; budget trims loom

Looks for ways to curb spending; automatic cut in taxes ruled out

Facing weaker than expected state tax revenues, Governor Deval Patrick’s administration has curbed state hiring, halted an automatic income tax reduction, and begun identifying cuts in spending that may be necessary to balance the budget.

Recent tax collections have been unexpectedly disappointing, failing to measure up to last year’s levels. In October, revenues were $162 million short of budgetary estimates and $48 million below the level reached in October 2011.

State revenues are running $256 million behind budget and $33 million behind last year’s actual collection, officials said.

Cut to Ho-Ho-Holly Robichaud’s column in today’s Boston Herald . . .

Read the rest at It’s Good to Live in a Two-Daily Town.

 

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