February 26, 2024
PUBLIC FINANCE > Budget > FY 2025

Fiscal Year 2025 Budget: Transportation Funding

The Healey administration filed its Fiscal Year (FY) 2025 budget proposal on January 24th, totaling $58.13 billion. The spending plan includes critical investments in healthcare and education, as well as a notable funding increase for transportation supported by new income surtax revenues.

Governor Healey’s FY 2025 budget provides $1.37 billion in transportation funding for MassDOT, the MBTA, 15 Regional Transit Authorities (RTAs), municipalities, and the Merit Rating Board. The $1.37 billion total represents a $77.6 million (6 percent) increase over the $1.29 billion included in the FY 2024 General Appropriations Act.