Massachusetts’ new 4% millionaire’s tax is giving a major boost to education and transportation initiatives in the state.
Maura Healey last week signed a $55.98 billion state budget for the 2024 fiscal year to spend the money.
The state’s budget “makes significant investments in schools, child care, clean energy, the environment, and access to mental and physical health care,” Healey previously said in a statement.
The signing of the budget made Massachusetts the eighth state to adopt a plan for free school lunches since the expiration of federal free school lunches that had emerged during the COVID-19 pandemic.
Here’s a complete breakdown of how the $1 billion revenue from the millionaire’s tax will be spent, according to the governor’s office:
A spokeswoman for Healey’s office told Insider: “This establishes a blueprint for how this revenue will be tracked and spent in future years on priorities in education and transportation, as directed by the voters.”
This is the best summary I could come up with:
Massachusetts’ new 4% millionaire’s tax is giving a major boost to education and transportation initiatives in the state.
Maura Healey last week signed a $55.98 billion state budget for the 2024 fiscal year to spend the money.
The state’s budget “makes significant investments in schools, child care, clean energy, the environment, and access to mental and physical health care,” Healey previously said in a statement.
The signing of the budget made Massachusetts the eighth state to adopt a plan for free school lunches since the expiration of federal free school lunches that had emerged during the COVID-19 pandemic.
Here’s a complete breakdown of how the $1 billion revenue from the millionaire’s tax will be spent, according to the governor’s office:
A spokeswoman for Healey’s office told Insider: “This establishes a blueprint for how this revenue will be tracked and spent in future years on priorities in education and transportation, as directed by the voters.”
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