Oct 17, 2026 · 57 min · 17 segments
On tonight show we got to speak with Elizabeth Dionne, Republican candidate for State Massachusetts State Treasurer. The Treasurer is a position that most people don't know about, but is really…
Elizabeth DionneGuest
Sue TimberlakeHost
Michael DowHostJohnHost
the proposed law would change the limit on how much revenue the state can collect in a given year.
The proposal would limit state revenue in a given year to the net amount of state revenue from the year before, increased by a rate equal to the average growth of wages and salaries in Massachusetts over the pa- over the recent three years.
If revenue collected by the state in a given year exceeds the limit, the excess amount would be refunded to taxpayers the following year.
The proposed law would include all revenue from the surtax on inclu- on incomes over $1 million when cal- when calculating the revenue limit when determining whether state revenue exceeds the limit.
The proposed, the pr- uh, provisions of the proposed law would be effective as July 1st, 2027, so the, the fiscal year, 2027.
Yeah.
Oh, no, that's '28.
Yeah, it's-
... it's when the year ends, so 20- starting in July '27 is actually fiscal year '28.
And the proposed law states that if any of its parts were declared invalid, the other parts would stay in effect.
So a yes vote would change the law, uh, and the, the state limit on revenue collection, and a no vote would make no change.
Um, the basics of this question is that, like, like, um, as D- Dion said, there is a...
We, we have a law that says if, if the state collects in, like, if there's a windfall, if the state collects enough revenue that it's, that it exceeds, um, the, uh, uh, people getting paid.
the proposed law would change the limit on how much revenue the state can collect in a given year.
The proposal would limit state revenue in a given year to the net amount of state revenue from the year before, increased by a rate equal to the average growth of wages and salaries in Massachusetts over the pa- over the recent three years.
If revenue collected by the state in a given year exceeds the limit, the excess amount would be refunded to taxpayers the following year.
The proposed law would include all revenue from the surtax on inclu- on incomes over $1 million when cal- when calculating the revenue limit when determining whether state revenue exceeds the limit.
The proposed, the pr- uh, provisions of the proposed law would be effective as July 1st, 2027, so the, the fiscal year, 2027.
Yeah.
Oh, no, that's '28.
Yeah, it's-
... it's when the year ends, so 20- starting in July '27 is actually fiscal year '28.
And the proposed law states that if any of its parts were declared invalid, the other parts would stay in effect.
So a yes vote would change the law, uh, and the, the state limit on revenue collection, and a no vote would make no change.
Um, the basics of this question is that, like, like, um, as D- Dion said, there is a...
We, we have a law that says if, if the state collects in, like, if there's a windfall, if the state collects enough revenue that it's, that it exceeds, um, the, uh, uh, people getting paid.
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