October 22, 2023

Rainy day fund interest eyed to attract federal dollars

Allison Kuznitz ,

State House News Service / The Sun

Healey’s approach mirrors recommendations from the Massachusetts Taxpayers Foundation last month to tap into surtax revenues and interest from the stabilization fund. In other potential strategies, MTF had advised the state to explore using surplus revenues in the transitional escrow fund or capital gains collections above a certain threshold for Massachusetts to muster enough state matching funds.