Gov. Baker hoping for 'grand bargain' on ballot initiatives - ABC6 - Providence, RI and New Bedford, MA News, Weather

Gov. Baker hoping for 'grand bargain' on ballot initiatives

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Associated Press

BOSTON (AP) - Charlie Baker is looking for a grand bargain on Beacon Hill.

The Republican governor told reporters this week that he's hoping to work with the backers of several ballot questions - and with leaders of the Massachusetts House and Senate - to hammer out a deal before the questions go to voters in November.

One reason for Baker's interest in a deal is basic math.

At least two of the proposed questions could have a dramatic effect on state revenues.

One question would reduce the state's 6.25 percent sales tax to 5 percent - a loss of roughly $1 billion in annual state revenues.

Another proposed constitutional amendment, dubbed the "millionaire tax," would impose a 4 percent surtax on any portion of an individual's annual income that exceeds $1 million.

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