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Potato_Octopi t1_iuaxsbl wrote

Reply to comment by NoMoLerking in Mass. Tax Refunds Will Start To Flow On Tuesday by plawwell

There's no reason to think this year will be the new forever normal. Years of surplus and deficit come and go.

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NoMoLerking t1_iub04ji wrote

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.

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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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