September 13, 2022
PUBLIC FINANCE > Taxes > Income Tax

Ballot Question #1: What it Does and Doesn’t Do

This November, voters will decide whether or not to approve a ballot initiative that would impose a new tax on income over a million dollars. If approved, this change to the state’s constitution takes effect on January 1, 2023. MTF does not support this initiative out of concern for its fiscal and economic impact. This analysis further explains why we are opposed.