The Legislature this week agreed to use nearly $500 million in surtax revenue to deliver a major boost to K-12 school funding, a move that some see as fulfilling the voter-approved mission of the tax on high earners while others warn it strays from the original promise of funding new education and transportation initiatives.
Fair Share Amendment
Posted inOpinion
Strengthening higher education in an era of federal instability
If Massachusetts intends to remain a leader in innovation, uphold equitable access to higher education, and sustain long-term prosperity, we must dedicate a substantial portion of Fair Share revenues to supporting public colleges and universities.
Posted inEconomy
Report says millions from new tax on high earners could be lost to loophole
STATE BUDGET-WRITERS have begun planning to spend $1 billion in new revenue to fund education and transportation needs thanks to the so-called “millionaires tax” approved last year by voters. But […]
Posted inBallot Questions, Education, Transportation
Millionaire’s tax opponents sue over ballot language
OPPONENTS OF THE so-called “millionaire’s tax” filed a lawsuit Thursday asking the Supreme Judicial Court to change the summary of the constitutional amendment that will appear on the November 2022 […]
Posted inEconomy
Pandemic changes Fair Share debate
WHEN A COALITION of labor, clergy, and liberal organizing groups first proposed raising the tax rate on income over $1 million, the year was 2015. The income tax rate was 5.15 […]
Posted inPolitics
SJC knocks millionaires tax off November ballot
THE SUPREME JUDICIAL ruled that a proposal to raise taxes on high earners in Massachusetts cannot appear on the November ballot because it violates a constitutional provision requiring that all […]