Submitted by plawwell t3_ygrir1 in massachusetts
NoMoLerking t1_iub04ji wrote
Reply to comment by Potato_Octopi in Mass. Tax Refunds Will Start To Flow On Tuesday by plawwell
It’s actually got nothing to do with surplus (and the state can’t run a deficit). It’s a maximum amount of tax revenue as a proportion of incomes.
SupermarketOne948 t1_iub3ylv wrote
Almost. It’s related to tax revenues in a given fiscal year exceeding an annual cap tied to wage GROWTH.
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