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Patrick Files $34.8 Billion Budget Proposal Wednesday

The plan focuses on investments in transportation and education while calling for an income tax increase coupled with a lower sales tax.

 

In submitting his $34.8 billion budget to the Legislature Wednesday, Patrick said the proposed income tax hike is part of a comprehensive package aimed at investing in the state's infrastructure and in driving growth.

The proposal asks for an increase in the income tax from 5.25 percent to 6.25 percent coupled with a reduction in the sales tax from 6.25 percent to 4.5 percent. It also doubles personal exemptions. 

Despite the proposed income tax hike, Patrick says that low and modest-income workers will pay less in taxes under his proposal, and only the "more fortunate see a larger increase."

"I do not submit this proposal lightly. I understand that many households in Massachusetts continue to struggle from the impact of the Great Recession, but I am confident that investing meaningful in education and transportation today will significantly improve and expand job growth and economic opportunity tomorrow," he said.

Patrick's budget calls for a total investment of $6.79 billion in education next year, with $131 million going toward early education, $226 million in Chapter 70 local aid, and $152 million toward making college more affordable and accessible.

In transportation funding, Patrick is asking for a $13 billion capital investment over 10 years, including money to repair roads and create a public transportation system that is modern and reliable.

"This is what the people of the commonwealth have asked for," he said. "Ask any of the folks who were outside in the cold at Arlington Street today whether they want those kinds of investments. They totally get this."

The $34.8 billion budget reflects a 6.9 percent increase from last year and would create $828 million in new revenue. 

Still, Patrick said, many programs – including some for seniors – will not get the funding that many people want. And "hardly any line item is back at the pre-recession level."

salemst January 23, 2013 at 09:34 PM
Yep, same old lefty Patrick. He wants tax increases to pay government union workers more taking care of the government hacks voting for him, his number 1 job. Yet, the tax increases will hurt private sector jobs creation. Maybe Patrick can have the state employ all of us. What an embarrassment as Governor he is.
james snell January 23, 2013 at 10:38 PM
when will the people realize that we are text worse than we were in england. thats why we left. The people have no spin to vote these people out. A friend of mine went to the dominican and bought a carton of cigarets for $7;00 a carton. In this state its $80.00 a ctn. Its all tax money. We need a new person to lead the evryday hard worker. Ill take the lead if you all will follow. The people

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