July 29, 2022
PUBLIC FINANCE > Budget > FY 2022

M.G.L.c. 62F: Tax Revenues in Excess of Allowable Amount

Two straight years of surging tax collections have put in focus M.G.L.c. 62F, a little known state law that establishes a limit on allowable tax revenues. This brief summarizes the law and assesses what it could mean for fiscal year 2022 and beyond.