Massachusetts' new 4% tax on millionaires is bringing in $1 billion in revenue this year. Maura Healey last week signed a $55.98 billion state budget that spends the funds. The money is going toward free school lunches, discounted transit fares, and college financial aid. Maura Healey last week signed a $55.98 billion state budget for the 2024 fiscal year to spend the money. The signing of the budget made Massachusetts the eighth state to adopt a plan for free school lunches since the expiration of federal free school lunches that had emerged during the COVID-19 pandemic.

---

Persons: Maura Healey, Healey Organizations: Gov, Service, Massachusetts, Democratic, Democratic Massachusetts Gov Locations: Massachusetts, Wall, Silicon, Democratic Massachusetts