Correction on tax cap giveback story

CommonWealth published a story Thursday evening incorrectly suggesting the tax cap giveback was not going to be as big as the Baker administration forecasted last week.

The story was based on new revenue numbers released Thursday by the Department of Revenue. Those numbers for total tax revenue in fiscal year 2022 were lower than what the Baker administration had forecast last week in its tax cap giveback calculation, but it turns out the Revenue Department numbers do not include certain tax revenues, including taxes on gaming and deeds excise stamps. Adding those taxes to the Revenue Department numbers brings them in line with those used by the Baker administration in calculating the tax cap giveback of roughly $2.9 billion.

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Bruce Mohl

Editor, CommonWealth

About Bruce Mohl

Bruce Mohl is the editor of CommonWealth magazine. Bruce came to CommonWealth from the Boston Globe, where he spent nearly 30 years in a wide variety of positions covering business and politics. He covered the Massachusetts State House and served as the Globe’s State House bureau chief in the late 1980s. He also reported for the Globe’s Spotlight Team, winning a Loeb award in 1992 for coverage of conflicts of interest in the state’s pension system. He served as the Globe’s political editor in 1994 and went on to cover consumer issues for the newspaper. At CommonWealth, Bruce helped launch the magazine’s website and has written about a wide range of issues with a special focus on politics, tax policy, energy, and gambling. Bruce is a graduate of Ohio Wesleyan University and the Fletcher School of Law and Diplomacy at Tufts University. He lives in Dorchester.

About Bruce Mohl

Bruce Mohl is the editor of CommonWealth magazine. Bruce came to CommonWealth from the Boston Globe, where he spent nearly 30 years in a wide variety of positions covering business and politics. He covered the Massachusetts State House and served as the Globe’s State House bureau chief in the late 1980s. He also reported for the Globe’s Spotlight Team, winning a Loeb award in 1992 for coverage of conflicts of interest in the state’s pension system. He served as the Globe’s political editor in 1994 and went on to cover consumer issues for the newspaper. At CommonWealth, Bruce helped launch the magazine’s website and has written about a wide range of issues with a special focus on politics, tax policy, energy, and gambling. Bruce is a graduate of Ohio Wesleyan University and the Fletcher School of Law and Diplomacy at Tufts University. He lives in Dorchester.

CommonWealth ran its numbers by the Baker administration on Thursday and officials there did not point out that the Revenue Department numbers represented only part of the revenues considered in the tax cap calculation. Officials at the Massachusetts Taxpayer Foundation alerted the magazine to the discrepancy after reading the story Friday morning.

CommonWealth apologizes for  the error.