February 28, 2024
PUBLIC FINANCE > Budget > FY 2025

Fiscal Year 2025 Budget: Early Education and Care Funding

The Healey-Driscoll administration released its Fiscal Year (FY) 2025 budget proposal on January 24, 2024. The Governor’s budget proposes $58.13 billion in total on-budget spending including $1.3 billion in spending supported by income surtax revenues directed to education and transportation programs. The proposal increases funding over the FY 2024 General Appropriations Act (GAA) by $2.1 billion (3.7 percent), when including surtax revenue allocations. Despite modest revenue expectations for the coming fiscal year, the administration’s proposal supports the continuation of critical programs.

Governor Healey recommends $1.58 billion in total funding for early education and care programs in FY 2025, an increase of $55.9 million (3.7 percent) over the FY 2024 budget. Early education and care spending represents approximately 2.7 percent of total spending in the Governor’s budget.