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|Date added||March 2, 2021|
|Category||Economic Opportunity, Massachusetts Economy, State Budget, White Papers|
March 2, 2021
By Kevin Martin
This report shows that while supporters of a state constitutional amendment that would impose a 4 percent tax rate hike on annual income over $1 million claim additional revenue from the surtax will fund public education and transportation needs, the amendment in no way assures that there will be new spending on these priorities. In fact, without violating the amendment, total state education and transportation funding could stay the same or even fall.