Posts Tagged

George Washington Monument at Public Garden in Boston, Massachusetts. getty Massachusetts taxpayers are getting a rare refund thanks to a 1986 law that requires the state government to refund tax revenue that exceeds a maximum threshold. The triggering of section 62F of the Massachusetts tax code raises an interesting question about state budgeting: If there […]

Massachusetts officials announced last week that $3 billion in surplus tax revenue will be returned to taxpayers. State Auditor Suzanne Bump announced Thursday that she had certified the Baker administration’s estimate of $2.94 billion in excess tax revenue that must be returned under the 1986 voter-approved law known as Chapter 62F. It’s the second time […]