Economy

House to roll out rewrite of legal pot bill

House to roll out rewrite of legal pot bill

Reps set to vote on changing ballot question on Thursday; Senate plans unclear

STATE HOUSE NEWS SERVICE HOUSE LEADERSHIP WILL unveil its proposal to overhaul the voter-backed law legalizing marijuana in Massachusetts on Wednesday, setting up an expected debate and vote before the full membership on Thursday. The bill’s details have been held tightly by those writing the legislation, but it is widely expected to address the tax(...)

Read More »

State bond rating drops one notch

State bond rating drops one notch

Agency cites failure to build up rainy day fund

STATE HOUSE NEWS SERVICE WITH SLUGGISH REVENUES testing Gov. Charlie Baker’s ability to balance investment needs with fiscal prudence, one of the country’s largest credit rating agencies on Friday downgraded the state’s bond rating with an admonishment for its approach to savings. S&P Global Ratings lowered its rating for Massachusetts bonds to AA from AA+(...)

Read More »

Baker replaces another authority chief

Baker replaces another authority chief

Commonwealth Corp post filled quickly; 4 board members abstained

GOV. CHARLIE BAKER has engineered the appointment of a new president at Commonwealth Corporation, a quasi-public authority engaged in workforce training efforts. J.D. LaRock, a Northeastern University executive, was voted in as president of the authority last month, with his appointment effective July 1. He is replacing Nancy Snyder, whose contract is up at the(...)

Read More »

We must learn from Seaport District failures

We must learn from Seaport District failures

The next tests come at Allston Landing, Suffolk Downs

THEY WERE GATHERED in the spectacular replica of the US Senate chamber at the Edward Kennedy Institute, a panel of local thought leaders discussing how Boston’s past might inform Boston’s future.  The discussion, organized under the auspices of Imagine Boston 2030, drew a large crowd because among its panel members were legends of the city’s(...)

Read More »

Western Mass. needs regional economic development plan

Western Mass. needs regional economic development plan

Initiatives could help close east-west divide -- and boost lagging state revenue

THE MASSACHUSETTS BUDGET process demonstrates economic progress does not always create revenue for the Commonwealth. Total employment is eclipsing previous highs, unemployment rates are below four percent, and per capita state GDP is strong. Yet the state’s budget is difficult to balance and news stories about revenue shortfalls feel like waking up in Groundhog Day.(...)

Read More »

Senate reins in movie star spending

Senate reins in movie star spending

Amendment says salaries over $1m not eligible for film tax credit

THE MASSACHUSETTS SENATE put the state’s film tax credit in play on Tuesday, approving a budget amendment that would shave about $15 million off of the roughly $80 million in subsidies offered to commercials and movies filmed in Massachusetts each year. The film tax credit has become a political football on Beacon Hill, with governors,(...)

Read More »

Senate budget pinned on shaky revenue projections

Senate budget pinned on shaky revenue projections

Weak collections so far spread concern, trigger search for new taxes

STATE HOUSE NEWS SERVICE SENATE WAYS AND MEANS Committee members on Tuesday unanimously approved a $40.3 billion spending plan for fiscal 2018 that they said recognizes the state does not have as much revenue as it needs to pay for desired programs and service. With approximately $400 million in new revenues proposed, the budget tries(...)

Read More »

Smart buildings need smart workers

Smart buildings need smart workers

Roxbury Community College to launch degree program for smart-building techs

BOSTON IS SEEING fast growth and, with that, an increase in green buildings and sustainable design. Boston ranks fifth nationally in total LEED-certified space, outranking many of the greenest big cities. All of that is good news for jobs in this emerging field, with growing demand for technicians to run and maintain buildings specifically designed(...)

Read More »

Prepare to be automated out of a job

Prepare to be automated out of a job

Isn’t there a civic responsibility to plan for massive dislocation?

WHAT SHOULD WE DO if we knew that, in the near future, a large sector of our country’s workers, currently employed with good-paying jobs, would be put out of work by new technologies? Would we ban the new technology to save those jobs? Or, do the scientific breakthroughs and related increases in growth and productivity(...)

Read More »

False business narrative on millionaire’s tax

False business narrative on millionaire’s tax

Proposed surcharge won't prompt an exodus of high earners

IN A RECENT Boston Business Journal article, John Fish, owner of construction giant Suffolk Construction, said that if the state’s voters pass the so-called “millionaire’s tax,” which would provide additional funds for education and transportation, next year, he won’t leave the state, but may look to move some of his business elsewhere. Statements like these,(...)

Read More »