BOSTON (WHDH) – A “yes” vote on Question 5 could put more money back in Massachusetts taxpayers’ pockets, but opponents warn it would come with a cost.
In 1986, Massachusetts voters passed a ballot measure limiting how much tax revenue the state can collect every fiscal year based on wage salary and growth. Any tax revenue that exceeds that limit must be returned to taxpayers.
The law has only been triggered twice: in 1987 and again in 2022, when a post-pandemic stock market boom generated roughly $3 billion in taxpayer refunds…