The House finalized its $58.07 billion Fiscal Year (FY) 2025 budget last week after adding $95.8 million in spending over the course of three days of debate.The House took action on 1,495 amendments through a combination of 7 consolidated amendments...

Two weeks ago, the House Ways and Means Committee released its budget proposal for Fiscal Year (FY) 2025. While the budget development process for the upcoming fiscal year will consume much of the attention in the coming weeks, the FY 2024 fiscal...

5 Things to Know:1. House members filed 1,495 amendments, 71 fewer than in FY 2024 and 27 fewer than in FY 2023.2. The fiscal impact of all amendments is $2.02billion.*3. Over 70% (1,095) of the amendments are earmarks.4. Approximately 25%(400) of...

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...

On January 24th, the Healey administration filed its budget proposal for Fiscal Year (FY) 2025. The $58.13 billion spending plan is supported by tax, departmental, and federal revenues, as well as the use of trust fund resources built up in recent...

Governor Healey’s Capital Authorization BillsOn Thursday, January 19th, Governor Maura Healey filed the first capital bond bills of her Administration, totaling $1.4 billion. The first bill focuses on what the Administration identifies as the ...

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...