Revenue generated from the state surtax on wealthier households was up more than 13 percent last budget year, totaling more than $3.38 billion, the Department of Revenue reported this week.
surtax
Posted inEducation
Healey seeks $100 million in additional school funding as districts confront mounting financial strain
Deploying a somewhat novel approach to budgeting “Fair Share” dollars, Gov. Maura Healey wants to give K-12 districts another funding injection amid rising economic pressures.
Posted inBallot Questions
Lawmakers offer mixed messages on income tax ballot question
The House and Senate took different approaches toward conditioning tax relief on the fate of a ballot question, and legislative leaders continue to fling criticism about the process even as they open the door for negotiations.
Posted inEducation
From T support to school aid, surtax emerges as crutch for state budgeting
Gov. Maura Healey’s spending proposals has reopened debate about whether voters intended for the surtax on high earners to fund only new investments or anything related to transportation and education.
Posted inState Government
Growing health care pressure drives up spending in Healey’s annual budget
MassHealth spending would increase more than 7 percent under Gov. Maura Healey’s new state budget proposal, roughly twice as much as all other state spending in a reflection of the challenge Beacon Hill faces to control health care costs.
Posted inTransportation
Another MBTA deficit is on the horizon. Did the state miss its chance for a more permanent fix?
The T is once again warning of a financial shortfall on the horizon, but this time around, its push for more state funding will bump up against a tighter economic environment and a series of federal cuts affecting every corner.
