THE EVERETT ADVOCATE – FRiDAy, July 22, 2022 Page 7 Sen. DiDomenico speaks at Healthy Youth Act rally At a rally in front of the State House last week, State Senator Sal DiDomenico (middle) spoke in support of his Healthy Youth Act Bill in Boston with other elected officials and activists. The Healthy Youth Act ensures that children are taught sex education that is age-appropriate and medically accurate. It will also include curriculum that will include consent, LGBTQ+ inclusive language and healthy relationships. DiDomenico’s bill has passed the Senate four times over the last several sessions and is currently awaiting action in the House of Representatives. (Courtesy of State Senator DiDomenico’s Office) MCGONAGLE | FROM PAGE 6 over the $750 set in statute. Increasing it to $1,755 in statute is expected to impact over 100,000 taxpayers who own or rent residential property in Massachusetts as their principal residence. • Increasing the rental deduction cap from $3,000 to $4,000. This is expected to impact about 881,000 taxpayers. • Increasing the estate tax threshold from $1 million to $2 million and eliminating the “cliff” effect which would tax just the value of the estate that exceeds $2 million, not the entire estate. This is expected to impact about 2,500 taxpayers. Online Lottery To raise revenue for early education and care, representatives adopted an amendment that would allow the Massachusetts Lottery to sell some of its products online. The new revenue collected from online sales will go to prizes for winners, for the administration and operations of the lottery and to fund an Early Education and Care Fund. Revenue for the new Early Education and Care Fund would be used to provide long-term stability and develop a sustainable system for high-quality and affordable care for families. This will include significant funding for subsidy reimbursement rates, workforce compensation rate increases, and support for stateMCGONAGLE | SEE PAGE 8 2.55 CD The kind of rate increase you like to see. Open a 3-year CD with one of the regions highest rates. Stop into one of our branches to open an account. Member FDIC | Member DIF *Annual Percentage Yield (APY) is subject to change without notice. Fixed rate term Certificate of Deposits accounts, rates are guaranteed for the length of the term. Minimum deposit to open account and to obtain the APY is $500 unless otherwise specified. APY is based on principal and interest remaining in the account for a period of one year. Penalty may be imposed for early withdrawal. For consumer accounts only. No out of state deposits. ECB NOW Checking Account is requested.
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