With about 92% of precincts reporting and 51.9% in favor, the Associated Press declared a win for the so-called “millionaires tax,” or Fair Share Amendment.
Fair Share for Massachusetts campaign manager Jeron Mariani called the amendment a “once-in-a-generation opportunity.”
“We’ve done what some thought was impossible: passed the Fair Share Amendment to create a permanently fairer tax system and deliver billions of dollars in new revenue for our public schools, colleges, roads, bridges, and transit systems,” he said in a statement Wednesday.
Question 1 proposed amending the state’s constitution to levy an additional 4% surtax on income over $1 million, to be put toward education and transportation. Massachusetts currently charges the same flat 5% tax rate for all income levels.
The new surtax won’t impact those making up to $1 million in income.
The ballot question drew support from prominent labor groups, as well as opposition from some of the state’s top business leaders.