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submitted 1 month ago by alyaza@beehaw.org to c/usnews@beehaw.org
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[-] alyaza@beehaw.org 3 points 1 month ago

Massachusetts has collected about $1.8 billion from a voter-approved surtax on the state's highest earners through the first nine months of the fiscal year, the Department of Revenue said Monday in a quarterly report.

That's more than $800 million more than what the Legislature and Gov. Maura Healey planned to spend in surtax revenue for all of fiscal year 2024, raising the possibility of a sizable pot that will land in an Education and Transportation Reserve Fund and the Education and Transportation Innovation and Capital Fund, both surtax-specific accounts, once the books close.

this post was submitted on 22 May 2024
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