Boston Business Journal

Healey Says She's Open to Changes on Implementing ‘Millionaires Tax'

Gov. Maura Healey says she’s open to proposals on how to implement the so-called “millionaires tax,” in light of suggested changes to the recently-approved 4% surtax on all earnings topping $1 million.

But the governor won't budge on ensuring that the new revenue source goes toward education and transportation as approved by voters.

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Beacon Hill leaders are already being pressured to pass new legislation linked to the tax, which went into effect Jan. 1. State officials estimate it could bring in up to $1.4 billion in revenue in fiscal year 2024, which starts in July. 

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