Post Office Box 1147    Marblehead, Massachusetts 01945    (781) 639-9709
“Every Tax is a Pay Cut ... A Tax Cut is a Pay Raise”

48 years as “The Voice of Massachusetts Taxpayers”
and their Institutional Memory

CLT News Release
Thursday, September 15, 2022

CLT Thanks Auditor Bump for Smooth Certification of Tax Cap Refund


September 15, 2022

CONTACT:  Chip Ford, Executive Director

Today State Auditor Bump announced:

". . . Since FY21 revenues had been $36,789,926,416, the operation of Chapter 62F caps allowable state tax revenues for FY22 at $38,871,154,62. The collection of $41,812,654,358 in FY22 exceeds that cap by $2,941,499,731. According to Chapter 62F, a return of this amount in the form of a credit must be effectuated by the commissioner of DOR.”

Citizens for Limited Taxation thanks State Auditor Suzanne M. Bump for her timely certification of the CLT tax cap refund (aka, Chapter 62F) directly and without drama.  We're sure that taxpayers of the commonwealth will appreciate it as well when they receive their refunds.

"That our tax cap has been dormant for over three decades until today shows that it is working exactly as it was designed to do," said Chip Ford, executive director of Citizens for Limited Taxation.  "Our tax cap was intended as an automatic release valve for when revenue surpluses reach an unnecessary level, especially such an extraordinary level as recently; it was meant as a check on unlimited taxation and unsustainable spending growth."

"It's unfortunate that our late-executive director Barbara Anderson, who worked so hard for adoption of our 1986 ballot question (and so many other tax reforms) is no longer with us to celebrate this success she achieved for all taxpayers of Massachusetts," Ford added, "but I'm confident she's up there joining us joyfully in spirit."

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Citizens for Limited Taxation    PO Box 1147    Marblehead, MA 01945    (781) 639-9709