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Inflation Adjustment
  • CPI: adjusts for changes in the cost of goods and services purchased by consumers
  • IPD: adjusts for changes in the cost of goods and services purchased by governments
  • Economic Growth: adjusts for changes in the size of the state economy (measured in terms of total personal income)
  • None: does not capture changes in the value of a dollar over time.
Massachusetts State Scholarship Program 7070-0065

funding levels adjusted for inflation (CPI)

  • Funding History
  • Proposals
Adjusted for inflation (CPI) NOT adjusted
FY23 Current $175,150,000 $175,150,000
FY22 $136,145,712 $130,500,000
FY21 $137,872,440 $123,500,000
FY20 $120,587,786 $105,600,000
FY19 $119,926,383 $103,386,798
FY18 $113,492,809 $95,853,324
FY17 $115,769,703 $95,632,559
FY16 $117,892,913 $95,607,756
FY15 $116,193,659 $93,607,756
FY14 $113,274,559 $90,607,756
FY13 $111,228,210 $87,607,756
FY12 $113,102,857 $87,607,756
FY11 $118,949,464 $89,507,756
FY10 $120,428,155 $88,857,735
FY09 $132,586,459 $96,875,218
FY08 $130,884,763 $94,311,051
FY07 $128,716,037 $89,430,706
FY06 $125,036,264 $84,673,454
FY05 $126,234,976 $82,373,454
FY04 $130,092,415 $82,414,415
FY03 $147,787,003 $91,603,455
FY02 $153,438,249 $93,056,268
FY01 $167,903,637 $100,057,376

comparisons adjusted for inflation (CPI)

  • See Changes in Funding
Between and
Funding for Massachusetts State Scholarship Program
33.8%

comparisons adjusted for inflation (CPI)

Adjusted for inflation (CPI) NOT adjusted
FY23 GAA $175,150,000 $175,150,000
FY23 Leg $175,150,000 $175,150,000
FY23 Sen $175,150,000 $175,150,000
FY23 SWM $175,000,000 $175,000,000
FY23 Hou $156,020,960 $156,020,960
FY23 HWM $156,020,960 $156,020,960
FY23 Gov $155,768,960 $155,768,960
FY22 $136,145,712 $130,500,000
FY22 GAA $136,145,712 $130,500,000

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