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...

In November 2019, An Act Relative to Educational Opportunity for Students (Chapter 132 of the Acts of 2019) was signed into law by Governor Charlie Baker. Better known as the Student Opportunity Act (SOA), the new law represented the...

Last week, MTF published a fiscal update brief reviewing Fiscal Year (FY) 2025 tax revenue collections, the current budget balance estimate, and the Healey-Driscoll administration’s closeout supplemental budget. It included MTF’s recommendation for...

State budget officials and policymakers have reached the point during the calendar year when it is necessary to balance the demands of three fiscal years at one time. The Healey administration’s closeout supplemental budget proposal for Fiscal Year ...

The same day that Governor Healey signed the Fiscal Year (FY) 2026 budget, while trimming $130.2 million in spending, she filed a supplemental budget proposing several fiscal management tools to help the state address revenue volatility or unmet...

On July 4th, Governor Healey signed the Fiscal Year (FY) 2026 budget; sending back $130.2 million in spending vetoes. Inclusive of the Governor’s budget actions, line-item spending in the FY 2026 budget would total $60.9 billion, a $3.1 billion (5.4...

The House and Senate are preparing to enact a Fiscal Year (FY) 2026 budget, totaling $61.03 billion in line-item spending. The compromise budget includes $443.4 million less in spending than the final House budget and $395.1 million less in spending...

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...

The Fiscal Year (FY) 2026 budget development process has now entered one of its final stages, Conference negotiations. The Conference Committee, led by the Chairs of the House and Senate Committees on Ways and Means, must reconcile all spending,...

On January 22nd, alongside their budget proposal for Fiscal Year (FY) 2026, the Healey-Driscoll administration filed the first ever Innovation and Capital Fund supplemental budget. The supplemental spending bill appropriated $1.32 billion in surplus...