Budget Browser


Select Budgets
Clear All Select All
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.
School Modernization and Reconstruction Trust (SMART) Fund and Related Programs T10-62

funding levels adjusted for inflation (cpi)

  • Funding History
  • Proposals
Adjusted for inflation (cpi) NOT adjusted
FY27 GAA $1,284,259,200 $1,284,259,200
FY27 Sen $1,284,259,200 $1,284,259,200
FY27 SWM $1,284,259,200 $1,284,259,200
FY27 House $1,284,259,200 $1,284,259,200
FY27 HWM $1,284,259,200 $1,284,259,200
FY27 Gov $1,284,259,200 $1,284,259,200
FY26 $1,294,222,447 $1,265,280,000
FY25 $1,396,220,415 $1,305,440,000
FY24 $1,431,010,002 $1,303,500,000
FY23 $1,321,381,503 $1,165,100,000
FY22 $1,296,495,793 $1,075,900,000
FY21 $1,267,700,930 $981,576,895
FY20 $1,260,409,720 $954,150,000
FY19 $1,183,702,621 $882,100,000
FY18 $1,159,519,685 $846,589,256
FY17 $1,143,865,466 $816,795,000
FY16 $1,146,751,551 $803,900,000
FY15 $1,107,845,658 $771,500,000
FY14 $1,058,692,429 $732,032,000
FY13 $1,002,121,776 $682,300,000
FY12 $1,012,803,734 $678,143,400
FY11 $990,593,817 $644,348,851
FY10 $909,575,750 $580,140,715
FY09 $1,111,466,369 $702,000,000
FY08 $1,019,015,504 $634,719,076
FY07 $927,446,368 $557,019,076
FY06 $834,873,624 $488,719,076

comparisons adjusted for inflation (cpi)

  • See Changes in Funding
Between and
Funding for School Modernization and Reconstruction Trust (SMART) Fund and Related Programs
27.0%

comparisons adjusted for inflation (cpi)

Notes

  • In FY19, the budget includes a transfer of $3.7 million from marijuana tax revenues into the school building assistance (SMART) trust.
  • From FY01-FY04, school building assistance was funded in several line items. In FY04, funding for school building assistance was consolidated into an off-budget "pre-budget transfer" of a portion of the sales tax to the School Modernization and Reconstruction Trust. All of these line items and the pre-budget transfer are grouped together.

* Funding and comparison information includes all line-items listed above. Download the spreadsheet to see funding levels for individual line-items.

Adjusted for inflation (cpi) NOT adjusted
FY27 GAA $1,284,259,200 $1,284,259,200
FY27 Sen $1,284,259,200 $1,284,259,200
FY27 SWM $1,284,259,200 $1,284,259,200
FY27 House $1,284,259,200 $1,284,259,200
FY27 HWM $1,284,259,200 $1,284,259,200
FY27 Gov $1,284,259,200 $1,284,259,200

Notes

  • In FY19, the budget includes a transfer of $3.7 million from marijuana tax revenues into the school building assistance (SMART) trust.
  • From FY01-FY04, school building assistance was funded in several line items. In FY04, funding for school building assistance was consolidated into an off-budget "pre-budget transfer" of a portion of the sales tax to the School Modernization and Reconstruction Trust. All of these line items and the pre-budget transfer are grouped together.

* Funding information includes all line-items listed above. Download the spreadsheet to see funding levels for individual line-items.

Scroll to Top

October 1st – Tickets are now available!

Join us for a lively conversation that blends sharp insights, real talk, and a focus on what’s possible.

This event will spark ideas, challenge assumptions, and leave you inspired about how we can shape our shared future together.

Get news from Massachusetts Budget and Policy Center in your inbox.