Earlier today, the Fiscal Year (FY) 2025 budget development process officially moved to the Legislature with the release of the House Committee on Ways and Means (HWM) budget proposal. About two months after Governor Healey filed her administration’s spending plan, the $57.98 billion HWM budget makes notable investments in transportation, K-12 education, and housing. 

The HWM budget spends less than the Governor by $157.6 million (0.3 percent), and more than the FY 2024 General Appropriations Act (GAA) by $1.91 billion (3.4 percent). Similar to the administration’s proposal, the HWM budget relies on $1.19 billion in one-time resources and new ongoing revenue-generating initiatives to support spending over and above the current fiscal year.