The Fiscal Year (FY) 2027 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, policy, and technical differences between the budget bills passed by each branch; with the goal of delivering a final spending plan to Governor Healey’s desk by July 1st.

On May 21st, the Senate finalized its budget proposal for Fiscal Year (FY) 2027. Over four days of debate, $70.53 million in new spending and 44 outside policy sections were added to the SWM spending plan.

The Senate took action on 1,158 amendments through a combination of standalone votes and amendment ‘bundles’ which categorically approve or reject many amendments at once. In total, 518 amendments were adopted, 317 were rejected, and 313 were withdrawn from consideration.

Today, the Senate Ways and Means (SWM) committee released its Fiscal Year (FY) 2027 budget proposal, a $63.29 billion spending plan. Their budget represents an increase of $2.25 billion (3.7 percent) over the FY 2026 General Appropriations Act (GAA) and is $66.3 million (0.1 percent) less than Governor Healey’s proposal.

The House Committee on Ways and Means (HWM) released its Fiscal Year (FY) 2027 budget proposal earlier today; a spending plan that totals $63.33 billion. Their budget represents a $2.3 billion (3.7 percent) increase over the FY 2026 General Appropriations Act (GAA) and is $29 million (0.05 percent) less than Governor Healey’s budget.

On January 28^th, the Healey-Driscoll administration released its $63.36 billion Fiscal Year (FY) 2027 budget proposal. The spending plan reflects an increase of $2.3 billion (3.8 percent) over the FY 2026 General Appropriations Act (GAA) and $668 million (1.1 percent) over the administration’s estimated FY 2026 spending level. 

On January 28th, the Healey-Driscoll administration filed its budget proposal for Fiscal Year (FY) 2027. The $63.36 billion plan increases spending over the FY 2026 General Appropriations Act (GAA) by $2.3 billion (3.8 percent) and over the administration’s estimated spending level for FY 2026 by $668 million (1.1 percent).

This afternoon, the Healey-Driscoll administration released its Fiscal Year (FY) 2027 budget proposal. The $63.36 billion spending plan increases spending over the FY 2026 General Appropriations Act (GAA) by $2.3 billion (3.8 percent) and over the administration’s estimated spending level for FY 2026 by $668 million (1.1 percent).

On January 14^th, budget leaders from the House, Senate, and Healey administration announced a $44.9 billion consensus tax revenue figure for Fiscal Year (FY) 2027, including $42.2 billion in non-surtax revenue and $2.7 billion related to the income surtax. Non-surtax revenues are expected to grow by $986 million (2.4 percent) over estimated FY 2026 collections. 

On December 16^th, the Massachusetts Taxpayers Foundation (MTF), along with the Department of Revenue (DOR) and other economic experts participated in the annual Consensus Revenue Hearing. The hearing offers administration and legislative budget leaders an opportunity to assess current revenue assumptions for Fiscal Year (FY) 2026 and evaluate the resources that will be available to support budgeted spending in FY 2027.

The Massachusetts Taxpayers Foundation (MTF) projects Fiscal Year (FY) 2026 non-surtax revenues to fall $73 million below the FY 2026 benchmark, ending the year at $41.14 billion. FY 2027 non-surtax revenues are projected to grow $884 million or 2.2 percent to $42.03 billion, providing minimal cushion for either budget.