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
FY25 Gov $1,305,440,000 $1,305,440,000
FY24 $1,292,077,622 $1,303,500,000
FY23 $1,227,071,345 $1,165,100,000
FY22 $1,112,839,071 $1,014,291,140
FY21 $1,154,094,693 $981,576,895
FY20 $1,147,526,361 $954,150,000
FY19 $1,077,640,950 $882,100,000
FY18 $1,055,700,029 $846,589,256
FY17 $1,041,379,025 $816,795,000
FY16 $1,044,006,526 $803,900,000
FY15 $1,008,586,468 $771,500,000
FY14 $963,837,201 $732,032,000
FY13 $912,335,085 $682,300,000
FY12 $922,034,039 $678,124,324
FY11 $901,839,992 $644,348,851
FY10 $828,080,867 $580,140,715
FY09 $1,011,882,776 $702,000,000
FY08 $927,687,311 $634,700,000
FY07 $844,321,423 $557,000,000
FY06 $760,042,129 $488,700,000
FY05 $638,653,195 $395,700,000
FY04 $0 $0
FY03 $0 $0
FY02 $0 $0
FY01 $0 $0

comparisons adjusted for inflation (cpi)

  • See Changes in Funding
Between and
Funding for School Modernization and Reconstruction Trust (SMART) Fund and Related Programs
39.3%

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
FY25 Gov $1,305,440,000 $1,305,440,000

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

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