5 Things to Know:

On May 6th, the Senate Ways and Means (SWM) committee released its Fiscal Year (FY) 2026 budget proposal, six days after the House finalized its version of the spending bill following three days of debate. Spending in the SWM budget totals $61.42 billion, $3.6 billion (6.3 percent) more than the FY 2025 General Appropriations Act (GAA), $649 million less than the Governor’s FY 2026 budget, and $151 million less than the House’s proposal. 

On April 31st, the House finalized its $61.58 billion Fiscal Year (FY) 2026 budget, after adding $81.9 million in spending and 35 outside policy sections over the course of three days of debate. 

The House took action on 1,650 amendments through a combination of seven consolidated amendments and 23 separate votes. Some version of at least 756 amendments were adopted; 715 added new spending and 41 added or amended policy sections or budget language. The majority of adopted amendments (708) added earmarks for specific communities, programs, and projects across the state. 

5 Things to Know:

The House Ways and Means (HWM) committee released its Fiscal Year (FY) 2026 budget proposal earlier today; a spending plan that totals $61.5 billion, $3.7 billion (6.4 percent) more than the FY 2025 General Appropriations Act (GAA) and $580 million (0.9 percent) less than Governor’s Healey’s budget. 

On April 9th, the House of Representatives passed House Bill 55, An Act making appropriations for the fiscal year 2025 to provide for supplementing certain existing appropriations and for certain other activities and projects. The $1.32 billion spending bill is the House version of the Innovation and Capital Fund supplemental budget, and includes $1.26 bil

On January 22nd, the Healey-Driscoll administration filed its budget proposal for Fiscal Year (FY) 2026. The $62.07 billion plan increases spending over the FY 2025 General Appropriations Act (GAA) by $4.3 billion (7.4 percent) and over the administration’s estimated spending level for FY 2025 of $60.26 billion by $1.8 billion (2.1 percent). 

On January 22nd, the Healey-Driscoll administration filed its budget proposal for Fiscal Year (FY) 2026. The $62.07 billion spending plan increases spending over the FY 2025 General Appropriations Act (GAA) by $4.3 billion (7.4 percent) and over the administration’s estimated spending level of $60.26 billion by $1.8 billion (2.1 percent). 

Today, the Healey-Driscoll administration released its Fiscal Year (FY) 2026 budget proposal. The $62 billion spending plan increases spending over the FY 2025 GAA by $4.3 billion (7.4 percent) and over the administration’s estimated spending level of $60.256 billion by $1.8 billion (2.1 percent). Spending increases are reflected in the healthcare, education, and transportation sectors driven by non-discretionary cost increases and investments supported by the income surtax.

On January 9th, budget leaders from the House, Senate, and Healey administration announced a $43.614 billion consensus tax revenue figure for Fiscal Year (FY) 2026, including $41.214 billion in non-surtax revenue and $2.4 billion related to the income surtax. Non-surtax revenues are expected to grow by $907 million (2.25 percent) over estimated FY 2025 collections.