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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.
Economic Development

funding levels adjusted for inflation (cpi)

  • Funding History
Adjusted for inflation (cpi) NOT adjusted
FY24 Gov$342,466,485$342,466,485
FY23 Current$407,713,935$384,288,029
FY22$402,418,376$363,567,991
FY21$413,227,740$348,377,357
FY20$279,011,199$229,960,470
FY19$226,337,600$183,644,536
FY18$179,004,542$142,289,823
FY17$163,270,482$126,937,368
FY16$196,207,315$149,758,534
FY15$202,753,719$153,733,740
FY14$236,326,641$177,916,666
FY13$154,662,167$114,652,269
FY12$204,093,797$148,788,629
FY11$135,979,790$96,303,818
FY10$151,871,945$105,466,788
FY09$200,053,859$137,572,431
FY08$247,466,896$167,826,896
FY07$604,185,539$395,089,313
FY06$306,804,969$195,544,062
FY05$174,618,653$107,243,052
FY04$198,541,442$118,378,636
FY03$255,665,717$149,148,560
FY02$293,899,596$167,757,499
FY01$377,518,739$211,737,839

comparisons adjusted for inflation (cpi)

  • See Changes in Funding
Between and
Funding for Economic Development
64.8%

comparisons adjusted for inflation (cpi)

Adjusted for inflation (cpi) NOT adjusted
FY24 Gov$342,466,485$342,466,485
FY23 Current$407,713,935$384,288,029
FY23 GAA$407,820,031$384,388,029
FY23 Leg$407,820,031$384,388,029
FY23 Sen$327,545,732$308,726,028
FY23 SWM$312,190,394$294,252,958
FY23 Hou$350,534,521$330,393,957
FY23 HWM$330,310,516$311,331,957
FY23 Gov$270,958,559$255,390,169
FY22 GAA$359,857,388$325,115,937

funding levels adjusted for inflation (cpi)

  • Active Line Items
  • All Line Items
FY21FY22FY23 CurrentFY24 Gov
0640-0300Mass. Cultural Council$21,564,204$23,659,104$24,802,044$25,000,000
1595-1070Educational Rewards Grant Program$0$0$0$65,968,000
1595-1071Commonwealth Information Technology Initiative$0$0$0$200,000
1595-1075District Local Technical Assistance Fund$0$0$0$10,000,000
1595-1075Workforce Competitiveness Trust Fund$11,861,498$18,816,597$18,036,307$0
1595-6123Mass. Life Sciences Investment Fund$0$22,137,173$0$0
1599-1977Commonwealth Infrastructure Investment Assistance Reserve$15,228,369$13,725,047$13,792,470$13,000,000
1775-0200Supplier Diversity Office$1,175,333$0$0$0
1780-0100Supplier Diversity Office$0$3,235,307$4,118,126$3,979,905
2511-0100Department of Agricultural Resources Administration$10,691,820$10,763,609$11,232,938$11,068,149
2511-0103Cannabis and Hemp Oversight$1,057,977$2,832,469$1,039,492$979,766
7002-0010Executive Office of Housing and Economic Development$15,961,401$4,722,390$4,501,889$3,982,085
7002-0012Summer Jobs Program for At-Risk Youth (YouthWorks)$49,326,040$26,564,608$30,210,814$16,240,000
7002-0017Housing and Economic Development Info. Tech.$3,762,174$3,745,203$4,707,759$3,954,306
7002-0020Advanced Manufacturing Workforce Development Grants$3,083,990$2,767,147$2,652,398$2,500,000
7002-0024Mass. Life Sciences Center$0$0$0$10,000,000
7002-0025Community Action Agency Operations and Outreach$5,930,749$7,194,581$7,957,194$0
7002-0032Innovation Institute$2,965,375$2,767,147$2,652,398$2,500,000
7002-0036Urban Agenda Economic Development Grants$2,965,375$2,767,147$2,758,494$3,000,000
7002-0040Small Business Technical Assistance Grant Program$6,079,018$7,748,011$34,109,840$7,500,000
7002-1080Learn to Earn$1,026,020$601,024$1,060,959$300,000
7002-1091Career Technical Institutes$4,744,599$17,023,043$21,648,681$15,379,600
7002-1502Transformative Development Fund$1,186,150$1,106,859$1,114,007$250,000
7002-1503Massachusetts Cybersecurity Innovation Fund$1,126,842$2,711,804$2,599,350$950,000
7002-1508Mass. Tech. Collaborative Tech and Innovation Entrepreneurs$1,779,225$1,494,259$1,432,295$1,350,000
7002-1509Entrepreneur in Residence Pilot Program$59,307$0$0$0
7002-1510Center for Advanced Manufacturing$0$0$1,273,151$1,200,000
7002-1512Big Data Innovation and Workforce Fund$593,075$0$0$0
7002-1530Culture and Tourism Earmarks$0$15,036,675$0$0
7002-2020Economic Recovery Programs for Small Business$66,839,542$0$0$0
7002-2021Community Empowerment and Reinvestment Grant Program$17,792,247$8,301,440$21,219,185$7,500,000
7002-2022Community Foundation Grants$5,930,749$8,301,440$7,957,194$0
7002-2023Small Business Earmarks$0$1,505,328$0$0
7003-0100Executive Office of Labor and Workforce Development$2,007,701$3,257,064$2,826,042$1,656,126
7003-0101Labor and Workforce Development Shared Services$14,201,015$13,700,964$15,958,923$18,576,380
7003-0102Workforce Development Earmarks$0$2,800,352$0$0
7003-0105Department of Economic Research$0$0$636,576$850,889
7003-0150Demonstration Workforce Development Program$1,423,380$4,206,063$3,978,597$2,500,000
7003-0151Registered Apprenticeship Expansion$307,385$1,596,090$1,060,959$4,979,285
7003-0200Department of Labor Standards$4,194,527$4,356,877$4,458,687$4,230,506
7003-0201Dept. of Labor Standards Licensing Fees Revenue$490,232$457,461$451,459$435,767
7003-0500Department of Industrial Accidents$23,057,253$21,015,859$20,851,762$19,834,322
7003-0606Massachusetts Manufacturing Extension Partnership$2,372,300$2,213,717$2,121,918$2,000,000
7003-0608Health Care Worker Training$237,230$221,372$1,060,959$1,000,000
7003-0800MassHire Department of Career Services$2,449,374$2,285,641$2,190,860$2,221,183
7003-0803One Stop Career Centers$5,930,749$10,515,157$15,914,389$5,960,051
7003-0900Department of Labor Relations$3,392,576$3,165,791$3,041,971$3,149,012
7003-0902Joint Labor Management Committee for Municipal Police and Fire$296,537$276,715$318,288$291,433
7003-1206Massachusetts Service Alliance$1,660,610$1,549,602$2,334,110$1,400,000
7003-1207AFL-CIO Workforce Development Programs$177,922$166,029$159,144$150,000
7006-0000Office of Consumer Affairs and Business Regulation$1,547,746$1,444,283$1,516,668$1,451,485
7007-0150Regional Economic Development Grants$7,116,899$5,202,236$2,121,918$1,000,000
7007-0300Massachusetts Office of Business Development$2,314,550$2,049,142$2,484,037$1,208,383
7007-0500Biotechnology Research Institute$889,612$830,144$795,719$750,000
7007-0800Small Business Development Center at UMass$1,691,713$1,578,626$1,513,163$1,426,222
7007-0801Microlending$948,920$221,372$1,591,439$1,800,000
7007-0952Commonwealth Zoological Corporation$6,197,633$7,969,382$7,532,811$4,000,000
7007-1641Small Business Association Layoff Aversion Grant Program$296,537$0$0$0
7008-0900Massachusetts Office of Travel and Tourism$4,938,149$14,407,861$15,597,845$3,271,019
7008-1000Local Tourist Councils Financial Assistance$7,116,899$6,641,152$6,365,755$0
7008-1024Massachusetts Restaurant Commission$2,253,685$0$0$0
7008-1116Local Economic Development Projects$9,148,774$15,262,474$18,267,066$0
7008-1117One-Time Local Economic Development Projects$1,103,119$221,372$0$0
7008-1300Massachusetts International Trade Council$147,325$135,340$129,728$128,703
O-OWOffshore Wind Energy Career Training Trust Fund$0$14,389,162$0$0
T10-1102Massachusetts Cultural and Performing Arts Mitigation Trust Fund.$4,058,014$4,225,315$4,609,417$4,344,575
T10-1103Race Horse Development Fund Tax Transfer$16,845,541$17,285,452$18,648,528$17,577,045
T10-1305Mass. Tourism Trust Fund Tax Transfer$2,029,007$2,112,657$2,304,709$2,172,288
T10-21Workforce Training Fund (Transfer)$29,653,746$27,130,241$25,993,501$27,300,000
FY21FY22FY23 CurrentFY24 Gov
0640-0300Mass. Cultural Council$21,564,204$23,659,104$24,802,044$25,000,000
0640-0350Cultural Resources Act$0$0$0$0
0640-0351John and Abigail Adams Arts Program$0$0$0$0
1100-1560Mass. Development Finance Agency$0$0$0$0
1100-6000Mass Development Small Business Loan Reserve$0$0$0$0
1595-0112Economic Stimulus Trust Fund$0$0$0$0
1595-0184Capital Needs Investment Trust$0$0$0$0
1595-1070Educational Rewards Grant Program$0$0$0$65,968,000
1595-1071Commonwealth Information Technology Initiative$0$0$0$200,000
1595-1072Board of Higher Education Scholar-Internship Match$0$0$0$0
1595-1074Workforce Competitiveness Trust Fund$0$0$0$0
1595-1075District Local Technical Assistance Fund$0$0$0$10,000,000
1595-1075Workforce Competitiveness Trust Fund$11,861,498$18,816,597$18,036,307$0
1595-6123Mass. Life Sciences Investment Fund$0$22,137,173$0$0
1595-6583Infrastructure Development Fund$0$0$0$0
1595-6588Mass. Cultural Facilities Fund$0$0$0$0
1595-6779Mass. Technology Transfer Center$0$0$0$0
1595-9017Dept. of Business and Technology Grants$0$0$0$0
1599-0051Historical Preservation Grants$0$0$0$0
1599-1001Dairy Farmer Reserve$0$0$0$0
1599-1968Mass. Port Authority Tourism$0$0$0$0
1599-1977Commonwealth Infrastructure Investment Assistance Reserve$15,228,369$13,725,047$13,792,470$13,000,000
1599-2010District Local Technical Assistance Fund$0$0$0$0
1599-2500Historic Preservation Reserve$0$0$0$0
1599-3385Mass. High Tech Council Grant$0$0$0$0
1599-3386Mass. Defense Technology Institute$0$0$0$0
1599-7772MassPort Tourism$0$0$0$0
1775-0200Supplier Diversity Office$1,175,333$0$0$0
1780-0100Supplier Diversity Office$0$3,235,307$4,118,126$3,979,905
2443-2000Commonwealth Zoological Corporation$0$0$0$0
2443-2010Commonwealth Zoological Corporation$0$0$0$0
2443-2011Commonwealth Zoological Corporation$0$0$0$0
2511-0100Department of Agricultural Resources Administration$10,691,820$10,763,609$11,232,938$11,068,149
2511-0103Cannabis and Hemp Oversight$1,057,977$2,832,469$1,039,492$979,766
2511-2000Agricultural Innovation Center$0$0$0$0
2511-4010Aquaculture Development$0$0$0$0
2800-0200Commonwealth Zoological Corporation$0$0$0$0
7002-0001Department of Labor$0$0$0$0
7002-0010Executive Office of Housing and Economic Development$15,961,401$4,722,390$4,501,889$3,982,085
7002-0012Summer Jobs Program for At-Risk Youth (YouthWorks)$49,326,040$26,564,608$30,210,814$16,240,000
7002-0013Permitting Technical Grants$0$0$0$0
7002-0017Housing and Economic Development Info. Tech.$3,762,174$3,745,203$4,707,759$3,954,306
7002-0020Advanced Manufacturing Workforce Development Grants$3,083,990$2,767,147$2,652,398$2,500,000
7002-0021Local Capital Projects Program$0$0$0$0
7002-0022Advanced Manufacturing Futures Program$0$0$0$0
7002-0024Mass. Life Sciences Center$0$0$0$10,000,000
7002-0025Community Action Agency Operations and Outreach$5,930,749$7,194,581$7,957,194$0
7002-0030Manufacturing College$0$0$0$0
7002-0032Innovation Institute$2,965,375$2,767,147$2,652,398$2,500,000
7002-0033International Trade$0$0$0$0
7002-0035Military Base Promotion$0$0$0$0
7002-0036Urban Agenda Economic Development Grants$2,965,375$2,767,147$2,758,494$3,000,000
7002-0039Community Compact Grants$0$0$0$0
7002-0040Small Business Technical Assistance Grant Program$6,079,018$7,748,011$34,109,840$7,500,000
7002-0045Wireless Broadband Affairs Director$0$0$0$0
7002-0100Executive Office of Labor and Workforce Development$0$0$0$0
7002-0101Apprentice Training Program$0$0$0$0
7002-0170Labor and Workforce Development Info. Technology$0$0$0$0
7002-0200Division of Occupational Safety$0$0$0$0
7002-0201Asbestos Abatement and Deleading Services Revenue$0$0$0$0
7002-0400Occupational Hygiene Program$0$0$0$0
7002-0500Division of Industrial Accidents$0$0$0$0
7002-0600Labor Relations Commission$0$0$0$0
7002-0700Joint Labor-Management Committee$0$0$0$0
7002-0800Board of Conciliation and Arbitration$0$0$0$0
7002-0900Division of Labor Relations$0$0$0$0
7002-0901Arbitration and Mediation Retained Revenue$0$0$0$0
7002-1075Workforce Competitiveness Trust Fund$0$0$0$0
7002-1080Learn to Earn$1,026,020$601,024$1,060,959$300,000
7002-1091Career Technical Institutes$4,744,599$17,023,043$21,648,681$15,379,600
7002-1209Downtown Regional Grant Program$0$0$0$0
7002-1501MassVentures Operations$0$0$0$0
7002-1502Transformative Development Fund$1,186,150$1,106,859$1,114,007$250,000
7002-1503Massachusetts Cybersecurity Innovation Fund$1,126,842$2,711,804$2,599,350$950,000
7002-1506Working Cities Tech Assistance Grants$0$0$0$0
7002-1507Parking Management Plan Grants$0$0$0$0
7002-1508Mass. Tech. Collaborative Tech and Innovation Entrepreneurs$1,779,225$1,494,259$1,432,295$1,350,000
7002-1509Entrepreneur in Residence Pilot Program$59,307$0$0$0
7002-1510Center for Advanced Manufacturing$0$0$1,273,151$1,200,000
7002-1512Big Data Innovation and Workforce Fund$593,075$0$0$0
7002-1514North Shore InnoVentures$0$0$0$0
7002-1530Culture and Tourism Earmarks$0$15,036,675$0$0
7002-1593Digital Health Internship Incentive Fund$0$0$0$0
7002-2020Economic Recovery Programs for Small Business$66,839,542$0$0$0
7002-2021Community Empowerment and Reinvestment Grant Program$17,792,247$8,301,440$21,219,185$7,500,000
7002-2022Community Foundation Grants$5,930,749$8,301,440$7,957,194$0
7002-2023Small Business Earmarks$0$1,505,328$0$0
7002-9500Electricity Deregulation Supplemental Unemployment Insurance$0$0$0$0
7003-0100Executive Office of Labor and Workforce Development$2,007,701$3,257,064$2,826,042$1,656,126
7003-0101Labor and Workforce Development Shared Services$14,201,015$13,700,964$15,958,923$18,576,380
7003-0102Workforce Development Earmarks$0$2,800,352$0$0
7003-0105Department of Economic Research$0$0$636,576$850,889
7003-0150Demonstration Workforce Development Program$1,423,380$4,206,063$3,978,597$2,500,000
7003-0151Registered Apprenticeship Expansion$307,385$1,596,090$1,060,959$4,979,285
7003-0170Labor and Workforce Development Info. Technology$0$0$0$0
7003-0200Department of Labor Standards$4,194,527$4,356,877$4,458,687$4,230,506
7003-0201Dept. of Labor Standards Licensing Fees Revenue$490,232$457,461$451,459$435,767
7003-0300Department of Family and Medical Leave$0$0$0$0
7003-0400Re-Employment Assistance$0$0$0$0
7003-0500Economic Stabilization Trust$0$0$0$0
7003-0500Department of Industrial Accidents$23,057,253$21,015,859$20,851,762$19,834,322
7003-0501Manufacturing Assistance$0$0$0$0
7003-0600Direct Care Workforce Development Contract$0$0$0$0
7003-0601Summer Jobs Program$0$0$0$0
7003-0604Health Care Career Ladder Programs$0$0$0$0
7003-0605Mass. Manufacturing Extension Partnership$0$0$0$0
7003-0606Massachusetts Manufacturing Extension Partnership$2,372,300$2,213,717$2,121,918$2,000,000
7003-0608Health Care Worker Training$237,230$221,372$1,060,959$1,000,000
7003-0700Commonwealth Corporation Grants$0$0$0$0
7003-0701Workforce Training Fund$0$0$0$0
7003-0702Individual Training Grants$0$0$0$0
7003-0703Racetrack Employee Re-Training$0$0$0$0
7003-0800MassHire Department of Career Services$2,449,374$2,285,641$2,190,860$2,221,183
7003-0801Just-A-Start Biotech Training$0$0$0$0
7003-0803One Stop Career Centers$5,930,749$10,515,157$15,914,389$5,960,051
7003-0808Mass. Workforce Professionals Association$0$0$0$0
7003-0810Welfare-To-Work Skills Plus$0$0$0$0
7003-0900Department of Labor Relations$3,392,576$3,165,791$3,041,971$3,149,012
7003-0901Summer Jobs Program for At-Risk Youth$0$0$0$0
7003-0901Arbitration and Mediation Retained Revenue$0$0$0$0
7003-0902Joint Labor Management Committee for Municipal Police and Fire$296,537$276,715$318,288$291,433
7003-1000Workforce Development Initiative$0$0$0$0
7003-1206Massachusetts Service Alliance$1,660,610$1,549,602$2,334,110$1,400,000
7003-1207AFL-CIO Workforce Development Programs$177,922$166,029$159,144$150,000
7003-1641Small Business Association Layoff Aversion Program$0$0$0$0
7003-2000Workforce Development Tracking$0$0$0$0
7003-2055DES Youth Service And Conservation Corps$0$0$0$0
7004-0000Commonwealth Development Coordinating Council$0$0$0$0
7004-0087Grants to Municipalities$0$0$0$0
7004-0088Municipal Economic Development$0$0$0$0
7004-0089Community Development Action Grant$0$0$0$0
7004-0090Quincy Center Revitalization$0$0$0$0
7004-0097Economic Grants to Municipalities$0$0$0$0
7004-0200Management Incentive Grants$0$0$0$0
7004-2027Community Investment Grant Program$0$0$0$0
7004-2051Grant to Worcester - CitySquare Project$0$0$0$0
7004-6667Worcester Medical City Grant$0$0$0$0
7004-9102Non-Fed Aided Urban Renewal$0$0$0$0
7004-9108Urban Revitalization and Development$0$0$0$0
7006-0000Office of Consumer Affairs and Business Regulation$1,547,746$1,444,283$1,516,668$1,451,485
7006-0131Comprehensive Document Imaging System$0$0$0$0
7007-0020Precision Manufacturing Pilot$0$0$0$0
7007-0100Department of Business and Technology$0$0$0$0
7007-0104Mystic Valley Economic Development$0$0$0$0
7007-0150Regional Economic Development Grants$7,116,899$5,202,236$2,121,918$1,000,000
7007-0200Mass. Opportunity Relocation and Expansion Program$0$0$0$0
7007-0209BRAC Program MBDC$0$0$0$0
7007-0210Brownfields Redevelopment Fund$0$0$0$0
7007-0215Mass. Business to Business Program$0$0$0$0
7007-0300Massachusetts Office of Business Development$2,314,550$2,049,142$2,484,037$1,208,383
7007-0333In-State Sales Force$0$0$0$0
7007-0334Office of Small Business and Entrepreneurship$0$0$0$0
7007-0350Manufacturing Initiatives$0$0$0$0
7007-0351Mass. Manufacturing Extension Partnership$0$0$0$0
7007-0400Mass. Office of Business Development Grants$0$0$0$0
7007-0500Biotechnology Research Institute$889,612$830,144$795,719$750,000
7007-0507Mass. Manufacturing Extension Partnership$0$0$0$0
7007-0515Economic Development Grants$0$0$0$0
7007-0525Devens Progress Review$0$0$0$0
7007-0800Small Business Development Center at UMass$1,691,713$1,578,626$1,513,163$1,426,222
7007-0801Microlending$948,920$221,372$1,591,439$1,800,000
7007-0802Year Up$0$0$0$0
7007-0900Mass. Office of Travel and Tourism$0$0$0$0
7007-0901Mass. Sports and Entertainment Commission$0$0$0$0
7007-0932UMass Boston Venture Development Center$0$0$0$0
7007-0950Local Travel and Tourism Grants$0$0$0$0
7007-0951Commonwealth Zoological Corporation$0$0$0$0
7007-0952Commonwealth Zoological Corporation$6,197,633$7,969,382$7,532,811$4,000,000
7007-0960Mass. Office of Travel and Tourism Competitive Grants$0$0$0$0
7007-0970Mass. Film Office$0$0$0$0
7007-1000Local Tourist Councils Financial Assistance$0$0$0$0
7007-1002MassDevelopment Reserve II$0$0$0$0
7007-1016Business Export Grants$0$0$0$0
7007-1200Mass. Technology Collab./Mass. Technology Park Corp.$0$0$0$0
7007-1202Mass. Tech. Collab. Computer Science Education$0$0$0$0
7007-1300Mass. International Trade Council$0$0$0$0
7007-1400MassDevelopment Reserve$0$0$0$0
7007-1500State Office of Minority and Women Business Assistance$0$0$0$0
7007-1641Small Business Association Layoff Aversion Grant Program$296,537$0$0$0
7007-9020Mass. Office of Travel and Tourism$0$0$0$0
7007-9031Mass. Technology Development Corporation$0$0$0$0
7007-9033Mass. Technology Park Corporation$0$0$0$0
7007-9036Westfield - Engineering and Infrastructure Improvements$0$0$0$0
7008-0900Massachusetts Office of Travel and Tourism$4,938,149$14,407,861$15,597,845$3,271,019
7008-0902Anniversary Celebrations$0$0$0$0
7008-1000Local Tourist Councils Financial Assistance$7,116,899$6,641,152$6,365,755$0
7008-1015Mass Office of Travel and Tourism International Marketing$0$0$0$0
7008-1024Massachusetts Restaurant Commission$2,253,685$0$0$0
7008-1116Local Economic Development Projects$9,148,774$15,262,474$18,267,066$0
7008-1117One-Time Local Economic Development Projects$1,103,119$221,372$0$0
7008-1300Massachusetts International Trade Council$147,325$135,340$129,728$128,703
O-ACEITAlternative and Clean Energy Investment Trust$0$0$0$0
O-BRFBrownfields Redevelopment Fund$0$0$0$0
O-ETFEmerging Technologies Fund$0$0$0$0
O-MRCMFMass. Research Center Matching Fund$0$0$0$0
O-OWOffshore Wind Energy Career Training Trust Fund$0$14,389,162$0$0
O-SGHTSmart Growth Housing Trust$0$0$0$0
T10-1102Massachusetts Cultural and Performing Arts Mitigation Trust Fund.$4,058,014$4,225,315$4,609,417$4,344,575
T10-1103Race Horse Development Fund Tax Transfer$16,845,541$17,285,452$18,648,528$17,577,045
T10-1305Mass. Tourism Trust Fund Tax Transfer$2,029,007$2,112,657$2,304,709$2,172,288
T10-21Workforce Training Fund (Transfer)$29,653,746$27,130,241$25,993,501$27,300,000

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MASSACHUSETTS BUDGET AND POLICY CENTER
1 STATE STREET, SUITE 1250 | BOSTON, MA 02109 | (617) 426-1228

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