Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said that means the money from the new tax will be deposited into the state's general fund, and lawmakers will decide where it goes.
By Colin Young, State House News Service / The Lowell Sun
"The money from this new marginal tax will be deposited into the general fund like all other tax revenue and used by the Legislature as it deems appropriate," said Massachusetts Taxpayers Foundation President Eileen McAnneny, who testified against the amendment. "With all the competing demands on revenue, it's not certain that the money will go for new transportation or education investments."
“Most communities raise taxes . . . despite the fact that property values may have gone down or inflation may have been nonexistent,” said Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation.