Legislature’s economic development plan needed for other bills, Baker says
To hear the governor tell the tale, passage of the economic development bill that died in the waning moments of the Legislature’s formal sessions isn’t just a “should” do, but a “must.”
“There are a lot of elements there that I think people were counting on, and I really hope they come back and they figure out a way to get it done,” Gov. Charlie Baker said.
The Legislature’s over $4 billion dollar plan to send $250 rebates to taxpayers and make permanent about $500 million in tax cuts was all but through the chamber doors and on its way to Baker’s desk at the end of July.
Then a law passed in 1986 that effectively caps state revenues seemed to appear out of nowhere.
Chapter 62F of the General Laws hasn’t been used since just after it was signed. Passed through the advocacy of the late Barbara Anderson, it mandates that when the state gathers too much in taxes it must send the excess back to the taxpayers.