Boston Economy
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Table of Contents
Boston television sector
Boston television companies have found out some interesting ways to save on expenses as per reports on Boston economy. Entire economy of Boston has been affected in an adverse way as a result of global financial slowdown and television sector, which is a crucial part of Boston’s economy, has been no exception.
WCVB – TV has been renting out some of its facilities like its helicopters. It has also shared footage taken by it from air with New England Cable News.
Boston companies and Troubled Asset Relief Program
A major business establishment in Boston named State Street Corp. has said that it would be conducting a couple of securities selling operations in order to pay back its debts, which amount to $2 billion, to Troubled Asset Relief Program.
Teaching jobs in Boston economy
Nowadays a number of students in Boston are looking out for various avenues as far as jobs are concerned. They are looking to avail public schools at Boston where they are appointed as assistants to regular teachers. They are initially appointed for a year when they need to undergo some necessary training. After completion of this period they are supposed to be provided with a regular teaching job at any of public schools.
Future of taxes in Boston economy
Economists have predicted that in coming future rates of taxes would go up in Boston as well as Massachusetts in near future. It is expected that sales taxes in Boston would be increased to 6.25 percent.
Economists have opined that tax payers in this city would have accepted this tax hike if there were sufficient reforms affected by state government and expenses were reduced. They are pointing out that tax legislators in this city would be using pressurizing tactics to authenticate any probable increase in tax rates.
However, any possible increase is still at level of discussions. Economists are saying that they expect members of Democrat party in Senate would be calling for an increase in rates of sales taxes. They would also never decrease rates once they go up and they get used to it.
