Massachusetts families are facing an affordability crisis. Everything from housing to health care costs more, while wages are stuck. Right now, people and businesses are fleeing the state just to afford basic necessities. Our state’s tax burden is adding to the problem and Massachusetts families need relief.

While the Massachusetts political class got their wish and successfully kicked an income tax reduction off November’s ballot, you have another chance to hold Beacon Hill accountable. 

In 1986, Massachusetts voters passed a law to establish a revenue growth limit, which meant that if the state collected too much in taxes, the excess would be returned to taxpayers. Unfortunately, a loophole in the formula allows the state to exclude some of its income from the total revenue count. As a result, Massachusetts taxpayers have only received two refunds in the last 40 years. 

This November, vote YES to amend this law, (Chapter 62F), to tie our revenue growth limit to actual tax collections. 

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Using this updated model, Massachusetts taxpayers would have

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- Received refunds 24 times in the last 40 years.

- Shared more directly in periods of extraordinary state revenue growth

The current revenue growth limit formula has not limited budget growth, so it isn’t working. Spending has grown twice as fast as wages and local inflation. 

With an updated formula, Massachusetts taxpayers can expect to receive thousands of dollars in excess revenue refunds in the future if we vote YES to modernize the state revenue growth limit.