Last week, MTF published its first Conference Committee preview for the Fiscal Year (FY) 2026 budget, Reconciling Revenue and Spending Differences Between the House and Senate Final Budgets. That brief summarized the spending and policy proposals put forward by each branch, identified shared and unique priorities, and estimated the spending and resource gap that budget writers must solve in order to send a balanced budget to the Governor’s desk. 

In this Conference Committee preview, MTF describes why changing economic trends and the negative impacts of federal action support a re-assessment of FY 2026 revenue expectations. The brief also emphasizes the importance of collaboration between the Healey administration, House, and Senate when adjusting revenue assumptions, reducing spending, and building a more sustainable state budget.