What do we spend state dollars on?

1. BACKGROUND: What do we spend state dollars on? 73% of all spending goes to: Education Local Aid Health Care Human Service

3. How would you generate revenue? Closing the Telecom Tax Loophole $54 million Currently telecom companies don’t pay property tax. This would require that they pay their fair share. 1% increase in the corporate tax $100 million Currently the corporate tax rate is scheduled to decrease from 9.5 to 8.0 percent over the next three years. TARGETED TO USE BROADBASED 19 cent a gallon gas tax $494 million in revenue The Governor has proposed a 19 cent gas tax to fund comprehensive transportation needs. 1% increase in meals and hotel taxes $158 million This is also offered as a local option tax so that cities and towns have another option to the property tax. Drop exemptions on candy, soda, and liquor $150 million Not a new tax, currently no one pays sales tax on these items. 1% increase in the income tax $ 1.7 billion personal income tax is a flat rate of 5.3% on most personal income. 1% increase in the sales tax $723 million This means you pay more on everything you buy except food, medicine, and clothing under $175. Increase Property Taxes Depends on where you live This tax is levied at the local level to fund town services, including education, trash removal, etc.