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Editorial: Time to call curtains on the film tax credit

Meanwhile, study after study has found fault with the economic impact of the state’s film credit. A 2015 report by the Massachusetts Budget and Policy Center found that the state pays significantly more for every job created by the credit than the wages earned by those jobs, and gets just 13 cents in revenue back from every dollar spent.

Editorial: “Zero-based” budgeting

Still, residents should not let their hopes soar. Eliminating waste is unlikely to be enough. According to the Massachusetts Budget and Policy Center, since the recession began, Massachusetts has cut about $3 billion in spending. The reductions hit cities and towns especially hard. Comparing fiscal 2009 with Governor Patrick’s fiscal 2012 budget proposal, the center projected a drop in unrestricted local aid of $528 million, or almost 40 percent. Education has suffered big losses as well.

Better By Degrees

All that good news comes from a report released earlier this month by the Massachusetts Budget and Policy Center. The State of Working Massachusetts 2010 examines the state’s rise since 1979 from the middle of the pack nationally in terms of wages and incomes to a sixth-place ranking (behind Maryland, New Jersey, Connecticut, Alaska and Hawaii) in median household income.

Higher Education Attainment Helps Weather Downturn

MASSACHUSETTS (WAMC) – Massachusetts is weathering the economic downturn better than most states, that’s according to a new report released by the Massachusetts Budget and Policy Center. WAMC’s Berkshire Bureau Chief Charlie Deitz reports that the reason for the state’s performance is its’ commitment to higher education over the last three decades.

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