Budget, Tax, & Finance

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Business Confidence Drifts Lower

Budget, Tax, & Finance Economy News | October 31, 2021

Confidence among Massachusetts employers drifted lower during October, dampened by a slowing state economy and a persistent labor shortage. The Associated Industries of Massachusetts Business Confidence Index (BCI) declined five-tenths of a point to 58.4 last month. The Index remains 12.2 points higher than a year ago but now sits at its lowest level since […]

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Economic Secretary Presses Priorities for Federal Funds

Budget, Tax, & Finance Economy News | September 25, 2021

The top economic official in the Baker Administration urged the Legislature Friday to approve the governor’s plan to spend $2.9 billion from federal stimulus funds on housing, job training and other economic-recovery initiatives. Secretary of Housing and Economic Development Mike Kennealy said in a speech to the AIM Executive Forum that the $5.3 billion Massachusetts […]

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Governor Proposes Using $1 Billion for Unemployment System

Budget, Tax, & Finance HR & Employment Law News | August 18, 2021

Governor Charlie Baker today proposed to use $1 billion of a budget surplus from last fiscal year to pay down the deficit in the state unemployment insurance system. The governor characterized the payment as a first step toward addressing an estimated $5 billion gap in the state fund used to pay jobless claims. Associated Industries […]

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State Budget Avoids New Broad-Based Taxes

Budget, Tax, & Finance Economy News | July 12, 2021

Both branches of the Massachusetts Legislature on Friday adopted a $48.1 billion budget proposal for the Fiscal Year 2022. Approval of the blueprint came a day after a conference committee resolved the differences between each chamber’s version of the budget. The budget achieved a critical AIM priority by funding essential services without increasing broad-based taxes. AIM was able to […]

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Governor Signs Extension of Some COVID Policy Provisions

Budget, Tax, & Finance Economy News | June 15, 2021

Governor Charlie Baker signed a bill this morning that extends several policy provisions adopted during the COVID-19 public health State of Emergency. The measure addresses provisions that expired at the end of the official State of Emergency order yesterday. Visit the AIM Web Site The legislation will allow publicly traded companies in Massachusetts to continue […]

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Income Surtax Would Be Grave Mistake for Massachusetts

Budget, Tax, & Finance Economy | June 4, 2021

The Massachusetts Legislature has scheduled a vote Wednesday to advance a massive income surtax on thousands of small and medium-sized businesses in the commonwealth. The tax is ill-considered and threatens to pull the plug on the nascent post-COVID economic recovery in the commonwealth. Lawmakers meeting in Constitutional Convention are expected to vote on a proposed […]

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Commerce Secretary: Infrastructure Plan Will Boost Competitiveness

Budget, Tax, & Finance Economy Energy News | May 14, 2021

The Biden Administration’s proposed $2 trillion American Jobs Plan will make historic investments in roads, bridges, broadband internet and other infrastructure that is key to US business competitiveness, Secretary of Commerce Gina M. Raimondo told the AIM Annual Meeting today. And while the administration is in “deep negotiations” with Congress over how to pay for […]

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State Updates Key Dates for Tax-Relief Programs

Budget, Tax, & Finance Economy News | May 6, 2021

The Massachusetts Department of Revenue (DOR) today announced changes to the administrative tax relief provided to certain businesses in response to the COVID-19 pandemic.   Monthly filing and payment remittance will resume starting June 30, 2021 for vendors and operators and continue going forward starting with returns and payments for May, 2021 tax collections.   The department is also extending the previously announced deferral of regular sales tax, meals tax, and room […]

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Commerce Secretary Raimondo to Keynote AIM Annual Meeting

Budget, Tax, & Finance Economy HR & Employment Law International News | April 27, 2021

US Commerce Secretary and former Rhode Island Governor Gina M. Raimondo will keynote the 2021 Associated Industries of Massachusetts annual meeting on May 14, the statewide business association announced this morning. The nation’s top economic policymaker is expected to discuss the Biden Administration’s efforts to stimulate the US economy and lay the groundwork for building […]

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Senate President Seeks to Move State ‘Back to Better’

Budget, Tax, & Finance Economy Energy Health Care Costs HR & Employment Law News | March 26, 2021

Massachusetts Senate President Karen Spilka is inviting the business community to work with state lawmakers to create a post-pandemic future that is “back to better rather than back to normal.” The Ashland Democrat told the AIM Executive Forum this morning that the Senate has established several committees that will seek to re-imagine Massachusetts in areas […]

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