March 26, 2026
BUDGET & TAXES

FY 2027 Budget: Surtax Spending

The Healey administration filed its Fiscal Year (FY) 2027 budget on January 28th. The Governor’s $63.36 billion operating budget proposal increases spending over the FY 2026 General Appropriations Act (GAA) by $2.3 billion (3.8 percent).

The revenue foundation for the Governor’s budget is the $44.9 billion consensus revenue estimate, which includes $2.7 billion in income surtax revenue.