Massachusetts voters will decide on November 2 whether to adopt Question 5, a ballot measure that would rewrite the formula used to trigger taxpayer refunds when the state collects more revenue than projected.

What the measure proposes

If approved, the new calculation would look at the prior year’s tax revenue, recent wage‑and‑salary growth, and additional income generated by the state’s millionaires tax. The goal is to make refunds more likely in years when revenue spikes, such as during a booming stock market.

Supporters’ arguments

“Forty years ago, voters in Massachusetts said, ‘Hey, when the state collects a lot of tax revenue, some of it should go back to voters as refunds,’” said Evan Horowitz, executive director of the Center for State Policy Analysis at Tufts University. He noted that the original provision has only been triggered twice in four decades.

Horowitz added, “When revenues spike year over year—like during COVID when the stock market surged—the state collected billions more than anticipated. One thing you could do with that money is simply give it back to taxpayers.”

Critics raise fiscal concerns

Opponents argue the measure could undermine essential services. “The state does need this money for education and health care,” Horowitz said, echoing critics’ worries. They also point to ambiguities in the ballot language, noting that the proposal could send money back to residents even in years when revenue growth is modest.

Some critics fear the change could create budgeting uncertainty for the Commonwealth, forcing agencies to plan with less predictable revenue streams.

How the vote will play out

A “no” vote would keep the current refund system unchanged. A “yes” vote would put the new formula into effect starting July of the following year.

Voters are encouraged to review the full text of Question 5 and consider how the proposed changes align with their priorities for fiscal responsibility and public‑service funding.

Where to find more information

The Massachusetts Secretary of the Commonwealth’s website provides the official ballot language, a summary of arguments for and against, and links to nonpartisan voter guides. Local media outlets will host forums and debates in the coming weeks to help residents make an informed choice.

Original reporting: NBC 10 WJAR (Sinclair) – local — read the source article.