August 09, 2023
PUBLIC FINANCE > Budget > FY 2024

FY 2024 Budget Veto Summary

On August 9th, Governor Healey signed the Fiscal Year (FY) 2024 budget; sending back $272 million in gross spending vetoes ($205 million net), amending 8 outside policy sections, and vetoing one policy section. The Governor’s vetoes eliminate the budget’s reliance on $205 million in one-time resources, which MTF highlighted as a fiscal concern in our Conference Summary. Thirty-three budget accounts are impacted by spending vetoes, with most funding levels being reduced to what was originally proposed in the Governor’s budget. After accounting for these proposed cuts, spending in the FY 2024 budget still grows by 6.7 percent over the enacted FY 2023 General Appropriations Act (GAA).