Massachusetts' "Millionaire's Tax" surpassed expectations by 20% in April, collecting $6.3bn.
Massachusetts' "Millionaire's Tax" helped boost April revenues, surpassing lowered expectations by 20% and collecting $6.3bn. State officials anticipate ending the fiscal year in balance, while potential surpluses in upcoming months are announced. The 4% surcharge on incomes over $1 million was a key part of Democratic Governor Maura Healey's budget plan and contributed to the state's favorable outcome.
May 03, 2024
3 Articles