"GOV. CHARLIE BAKER on Wednesday filed a $1.6 billion supplemental budget to close the books on fiscal year 2022, proposing another $200 million in aid for the MBTA and setting aside more than $2.9 billion of the state’s surplus to be returned to taxpayers.
The bill (HD 5364) would still leave lawmakers with $1.5 billion of last budget year’s surplus to potentially put towards the Legislature’s own agreed-to tax relief efforts and other spending initiatives that remain bottled up in the stalled economic development bill talks, Baker said.
In its announcement of the supp budget, Baker’s office also said that the Department of Revenue on Wednesday had informed Auditor Suzanne Bump that it believes that $2.941 billion is required to be returned to taxpayers under Chapter 62F, the 1986 voter law that requires excess state tax collections be refunded. If the auditor certifies that amount by her September 20 deadline, Baker’s office said the state will still have a fiscal year 2022 surplus of $2.3 billion — up from the administration estimate of $1.9 billion earlier this month."
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Wednesday, August 31, 2022
Legislation Filed by the Governor (1):
|CommonWealth Magazine: "Baker administration puts tax cap excess at $2.9b"|