The Union Leader's Tom Fahey looks at the ongoing negotiations about the budget, and sets the stage for tomorrow's session:
Revenue Commissioner Kevin Clougherty comes in tomorrow to outline tax loopholes he'd like to close. There will be other new tax ideas that Gov. John Lynch and pending budget-bill language directed him to find.
The tax on refinanced mortgages will be on the table, with an exemption that gives lower-income and the elderly a break. There will also be a crackdown on limited liability corporations. And look for another jump in the proposed Rooms and Meals Tax increase that puts the rate at 8.75 percent from the current 8 percent. The tax could go to 9 percent.
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