After rejecting double-digit increases earlier this year, Massachusetts regulators are allowing a more modest round of rate hikes to take effect in January for health insurance policies covering small businesses and individuals.
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A group of state leaders has concluded that Massachusetts needs to overhaul its tax system to eliminate many breaks that siphon billions of dollars from public coffers, setting the stage for a debate over how the state should encourage economic growth.
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Governor Patrick filed his recommendations for the FY 2013 budget on January 25, 2012. The $32.3 billion budget includes major savings in health care, additional funding to local aid accounts, and $260 million in new revenues.
