But what did Fair Share get us?

ahem...

I hope by now you've seen that the Fair Share amendment, which taxes at 4% on every dollar over a person's first $1M in income, has far exceeded expectations. As noted back in May: 

Massachusetts has collected about $1.8 billion from a voter-approved surtax on the state’s highest earners through the first nine months of the fiscal year, the Department of Revenue said Monday in a quarterly report.

That’s more than $800 million more than what the Legislature and Gov. Maura Healey planned to spend in surtax revenue for all of fiscal year 2024, raising the possibility of a sizable pot that will land in an Education and Transportation Reserve Fund and the Education and Transportation Innovation and Capital Fund, both surtax specific accounts, once the books close.

Remember, unless you've made a million plus at least a dollar in income? You are not paying this. And if you made a million plus a dollar, you're only taxed the extra 4% on that one additional dollar.

I've seen some confusion about this, so I thought I'd clear up a few things. 

First, the above money doesn't get spent until next year; this is a reserve fund, so the funding goes in and sits until the total is determined by the state comptroller in December. It's pretty clear, though, that the state's been conservative with projections, and this is one where we do really want to spend the money that's coming.

Second, this is funding--like most in the state--that's allocated by vote of the Legislature, signed by the Governor. There isn't some sort of formula where everyone gets some of this. I've heard districts ask how they can apply, or if it's being allocated evenly...that isn't how this works at all. The Legislature decides on what, within transportation and education, they want to spend the money on, and that's where it goes.

Funding was allocated in this year's budget from last year's Fair Share collection. Again, there is a very good chance that you are not personally paying for this--these efforts are not increasing your taxes!--but we as state residents are benefiting!

• universal free lunch - a program much in the news, due to Minnesota similarly funding meals for all students, the reimbursement to districts of the federal reimbursement rate for non-federally reimbursed meals (the wonkish explanation!), this $170M is from Fair Share funding. 
  Yes, we literally have our millionaires making sure all kids eat!
  Remember, the FY24 number is a compromise and is expected to still not be enough to fully reimburse the expense to districts
• $74/pupil increase in minimum aid in chapter 70. I've ongoingly argued that this is not a fair, equitable, way to get aid to districts, and yet...here we are. $37M here for K-12 districts.
• free community college is funded from the Fair Share amendment (there's several lines of public higher ed funding, in fact)
• $110M to regional transit authorities-- aka, local bus systems
• $60M for MBTA physical infrastructure
• $20M for a low income reduced fare program for the MBTA
• $7.5M for ferry services
• $36M for safety work at the MBTA
• $45M for municipal roadwork
• $10M for a skilled workforce pipeline for the MBTA (those bus and train drivers don't grow on trees!)
• $175M for child care grants (operations)
• $15M to reduce the waitlist at early childcare and education for teen parents and homeless families
• $5M for preschool expansion
• $65M for increased salaries and benefits for early education and care
• $18M for reducing the early childcare waitlist
• expanding early college, technical, and innovation pathways at $2.5M 
• the Literacy Launch, funding for both curriculum and professional development, which they compromised at $20M for
• Green Energy infrastructure grants to schools for $10M
• developing a framework for mental and behavioral health funded at $5M

This is all really good stuff! We should be proud that we fought for this money! 
I wish more people were more clear on where it is going. Please spread the word!