Somerville Junction Park Expansion & Renovation Virtual Community Meeting 5/10

Mayor Katjana Ballantyne, Ward 5 City Councilor Beatriz Gómez Mouakad, and City staff invite you to a virtual community meeting on Tuesday, May 10, to discuss the expansion and renovation of Junction Park, located off of Central Street near the Community Path extension. Continue reading Somerville Junction Park Expansion & Renovation Virtual Community Meeting 5/10

ALSO UP ON BEACON HILL:SUNSCREEN LOTION

By Bob Katzen

On its way to a study committee is a bill that would allow any person, including students, parents and school personnel to possess and use a topical sunscreen product without a physician’s note or prescription while on school property or at a school-related event or activity to avoid overexposure to the sun if the product is regulated by the Federal Food and Drug Administration for over-the-counter use. Continue reading ALSO UP ON BEACON HILL:SUNSCREEN LOTION

INCREASE TAX BREAK FOR SENIORS

By Bob Katzen

The House 31-125, rejected an amendment that would increase by $1,005 (from $750 to $1,755) the maximum tax credit which seniors over 65 who qualify, can receive under the Senior Circuit Breaker Tax Credit Law. The law applies to seniors with homes valued at less than $884,000 and who earn $62,000 or less for a single individual who is not the head of a household; $78,000 for a head of household; and $93,000 for married couples filing a joint return. Continue reading INCREASE TAX BREAK FOR SENIORS

REDUCE CAPITAL GAINS TAX FROM 12 PERCENT TO 5 PERCENT

By Bob Katzen

The House 29-127,rejected an amendment that would reduce the short-term capital gains tax from 12 percent to 5 percent.

Chip Ford, executive director of Citizens for Limited Taxation said that anything that can help the investors in Massachusetts keep up with mounting inflation is a positive step for the commonwealth’s economy, “Why should the capital gains or any tax imposed be charged at a higher rate than earned income, especially considering the multi-billions in historic revenue surpluses?” asked Ford. Continue reading REDUCE CAPITAL GAINS TAX FROM 12 PERCENT TO 5 PERCENT

APPROVE $49.7 BILLION FISCAL 2023 STATE BUDGET

By Bob Katzen

The House 155-0, approved and sent to the Senate a $49.7 billion fiscal 2023 state budget after adding nearly $130 million in spending during three days of debate. The House version now goes to the Senate which will approve a different version. A House-Senate conference committee will eventually craft a plan that will be presented to the House and Senate for consideration and sent to the governor. Continue reading APPROVE $49.7 BILLION FISCAL 2023 STATE BUDGET