stronger-than-anticipated revenue from capital gains taxes to build a surplus

Massachusetts has benefited from stronger-than-anticipated revenue from capital gains taxes to build a surplus of just more than 1 percent of its general fund budget. It used nearly three-quarters of the $460 million surplus to replenish the state's reserve fund, while directing other surplus money to cities and towns recovering from deadly tornadoes in June, state courts and to provide modest raises to social service workers.