"> MFA Newscan January 28, 2013

MFA Newscan January 28, 2013


- Friday, January 25, 2013



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WHAT’S NEWS


VOLUME 13 ISSUE 4

 

JANUARY 28, 2013

 

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TO VIEW THIS AND PREVIOUS NEWS SCAN UPDATES VISIT OUR WEBSITE AT

http://www.mafood.com AND CLICK THE 1ST BULLET UNDER “WHAT’S NEW”

 

 

GOVERNOR PATRICK RELEASES FY ’14 BUDGET

On Wednesday, January 23 Governor Patrick released his version of the state’s next fiscal budget which will start July1, 2013.  The Governor’s proposal calls for spending $34.8 billion, up from the present fiscal spending plan of $32.5 billion.  Revenue to support this increase in spending comes from proposals to increase taxes to raise $1.9 billion and borrow $400 million from the state’s reserve (or “rainy day”) fund.  He also projects to collect $83 million in gaming revenues as new gambling facilities are licensed.  Some of the proposed changes include:

·        Expand the state’s bottle deposit law to include bottled water, sports drinks and other non-carbonated beverages to raise an estimated $24 million in additional revenue from those who do not redeem their beverage containers covered under the deposit law;

·        Removal of the sales tax exemption for candy and soda;

·        Collection of sales tax for goods sold in Massachusetts on line through Amazon and expansion of the hotel surcharge to rental properties to raise an additional $26.2 million;

·        Increase the cigarette excise tax by $1 to $3.51 per pack and increase other tobacco product taxes to reflect the previous and new cigarette excise increases;

·        Reduce the state’s sales tax from the present 6.25% to 4.5%;

·        Increase the income tax rate from 5.25% to 6.25%;

·        Double the personal income tax exemption;

·        Extend the sales tax to computer and data processing services;

·        Eliminate 44 income tax deductions, including those for capital gains on home sales, health savings account earnings, $2,000 deduction for employee contributions to Social Security, interest on savings in MA banks (up to $100 per taxpayer), commuter rail pass use, college scholarships, dependents under 12, charitable contributions and indexing the gas tax to the Consumer Price Index.  Click on the link above to view all the proposed deductions.

·        Implementation of electronic tolling allowing all traffic to travel at normal highway speed through the tolling areas and reduce operating costs by an estimated $50 million annually;

The MA House of Representatives will now review the Governor’s proposal and release their version of the state’s FY ’14 budget in April, with the Senate to release their version in May.

 

Time to Re-Order We Card Tobacco Materials

and Training Resources

FDA tobacco inspections are increasing, so in the New Year now is the time to re-order

your We Card tobacco point of sales tool kits and training materials.  Order today at:

http://www.wecard.org/

 

PUSH FOR PAID SICK LEAVE IN MA

On Thursday, January 24 protesters gathered in front of the State House to demand that the Legislature pass legislation creating a system for workers to earn paid sick time.  Legislation filed by Representative Kay Khan (D-Newton) would allow employees of businesses with six to 10 employees to earn up to 40 hours of paid sick time, and employees of businesses with 11 or more employees to earn up to 56 hours.  Employees must work 30 hours for every one hour of paid time, under the legislation.

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MFA Newscan January 28, 2013


- Friday, January 25, 2013



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