February 14, 2024
PUBLIC FINANCE > Budget > FY 2025

Fiscal Year 2025 Budget: Local Aid & K-12 Education Funding

On January 24th, the Healey administration filed its budget proposal for Fiscal Year (FY) 2025. The $58.13 billion spending plan included critical investments in child care, healthcare, and transportation; as well as sizeable increases in support for local aid to cities and towns and K-12 education.

In total, Governor Healey’s budget includes $8.98 billion for Unrestricted General Government Aid (UGGA), Chapter 70 state aid, and other major K-12 education programs. This represents 15.5 percent of all spending in the administration’s proposal. Funding for local aid and K-12 education is the second largest category of investment in FY 2025, only falling behind spending on the state’s MassHealth program.