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Massachusetts

Massachusetts ‘millionaires tax’ generated $2.2 billion in first year, but budget gap remains

After adjusting for the new tax revenue, the state currently faces a budget gap of around $233 million for the fiscal year that ended June 30.

By: The Boston Globe
  • Aug 10 2024
  • 30
  • 34 Views
Massachusetts ‘millionaires tax’ generated $2.2 billion in first year, but budget gap remains
Massachusetts ‘millionaires ta
While the millionaire’s tax revenue was more than double the $1 billion that Governor Maura Healey and other legislators had allocated to spend, the windfall won’t leave state coffers flush with cash. The total haul was $967 million more than project... [4456 chars]

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