Economy

T overhauls fares for $723 million

T overhauls fares for $723 million

Officials unveil next gen pay system to reduce trip times, increase revenue collection

MBTA OFFICIALS WILL unveil the next generation of fare payment and collection which they say will reduce waits, increase efficiency, minimize the need for cash, and let riders use their own credit cards and cell phones to board trains and buses, all at a cost of more than $723 million over the next 13 years.(...)

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Rosenberg: We’re not done with pot

Rosenberg: We’re not done with pot

Senate president says Legislature could make more changes to marijuana law

SENATE PRESIDENT STANLEY ROSENBERG said the recreational marijuana law will continue to evolve and he foresees the Legislature making several changes a year. “We created a joint standing committee because we know additional questions are going to come back to us over time and we know that because that’s what happened in Colorado,” Rosenberg said(...)

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Airbnb’s smoke and mirrors

Airbnb’s smoke and mirrors

Lawmakers, public shouldn't be duped by company's embrace of taxes in short-term rentals

IN HIS NOVEMBER 8 op-ed in CommonWealth (“Time for state to catch up on Airbnb tax”), Airbnb executive Will Burns raises many excellent points about why it is time for the state to act on the taxation and regulation of short-term rental platforms. It is important, however, that lawmakers and the public see through the(...)

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Time for state to catch up on Airbnb tax

Time for state to catch up on Airbnb tax

Massachusetts is leaving money on the table

STARTING NOVEMBER 1, New Hampshire became the fifth and latest New England state to allow Airbnb to collect taxes on behalf of its community of hosts and guests, and remit that revenue to the state. The Granite State will join Connecticut, Maine, Rhode Island, and Vermont – as well as more than 300 other jurisdictions(...)

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Pot board wants $5 million more

Pot board wants $5 million more

‘No fluff’ budget for FY18 is $7.5 million, lower than projected

THE STATE’S CANNABIS Control Commission has asked lawmakers for another $5.2 million for the remainder of the fiscal year on top of the $2.3 million that was already set aside to get the regulatory structure for legal marijuana up and running in time for the launch target of July 1 for retail pot shops to(...)

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Commission backs sticking with one type of ‘time’

Commission backs sticking with one type of ‘time’

But says no change should be made unless most NE states go along

STATE HOUSE NEWS SERVICE MASSACHUSETTS RESIDENTS WILL FALL BACK this weekend after all and will likely continue to adjust their clocks twice a year for the foreseeable future. A legislative commission studying whether the Bay State should shift permanently to Atlantic Standard Time — essentially the time zone that Massachusetts observes between March and November(...)

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Wynn to spend $90m buying land near casino

Wynn to spend $90m buying land near casino

Wants to make Everett entertainment, convention destination

LAS VEGAS MOGUL STEVE WYNN said he has already spent $75 million buying up property near the Wynn Resorts hotel-casino complex in Everett and plans to spend a total of $90 million. “It’s property that we’re buying so we can turn Everett into a great example in America of how a business can change a(...)

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Eversource puts tab for memberships on ratepayers

Eversource puts tab for memberships on ratepayers

Utility seeks reimbursement for fees paid to business groups

EVERSOURCE ENERGY is pushing for state approval of a $284 million rate hike, and tucked inside all the documentation is paperwork seeking reimbursement for annual membership fees and dues the company pays to 74 business organizations and trade groups.  In the grand scheme of things, the $814,000 being sought by Eversource is not a lot of money. But the request by Eversource nevertheless rankles some consumer advocates,(...)

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State officials unveil their Amazon proposal

State officials unveil their Amazon proposal

Bid touts the state as a whole, including Patriot Place

STATE HOUSE NEWS SERVICE FROM THE HOME of the New England Patriots to a mall in Leominster to oceanfront property in Lynn, 26 different sites in Massachusetts want to host Amazon’s second headquarters and the 50,000 jobs that will accompany it, according to a proposal state officials released Friday. Rather than backing one specific site,(...)

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The vision for Amazon at Suffolk Downs

The vision for Amazon at Suffolk Downs

Developer says approach won’t change if tech giant goes elsewhere

THE DEVELOPER OF SUFFOLK DOWNS said his company’s vision for the 161-acre property matches almost exactly what Amazon is looking for in a second headquarters, and he insists that vision won’t change much if the tech giant ends up going somewhere else. Thomas O’Brien, the president of HYM Investment Group, said his company bought the(...)

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