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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
FY27 GAA$314,232,445$314,232,445
FY27 Sen$275,474,507$275,474,507
FY27 SWM$261,631,073$261,631,073
FY27 House$301,550,104$301,550,104
FY27 HWM$276,980,435$276,980,435
FY27 Gov$276,980,435$276,980,435
FY26$554,383,548$541,985,976
FY25$800,916,796$748,842,239
FY24$1,200,709,602$1,093,720,494
FY23$768,375,035$677,498,324
FY22$439,815,822$364,982,166
FY21$362,816,388$280,927,603
FY20$319,300,395$241,715,425
FY19$230,009,791$171,404,230
FY18$194,527,048$142,028,213
FY17$180,104,446$128,606,393
FY16$228,601,973$160,255,398
FY15$203,637,484$141,812,461
FY14$256,016,767$177,022,581
FY13$192,702,237$131,202,355
FY12$228,540,243$153,023,782
FY11$138,032,026$89,785,315
FY10$159,044,918$101,441,174
FY09$222,824,005$140,735,209
FY08$267,426,267$166,573,082
FY07$611,691,402$367,378,418
FY06$391,404,707$229,120,841

comparisons adjusted for inflation (cpi)

  • See Changes in Funding
Between and
Funding for Economic Development
107.3%

comparisons adjusted for inflation (cpi)

Adjusted for inflation (cpi) NOT adjusted
FY27 GAA$314,232,445$314,232,445
FY27 Sen$275,474,507$275,474,507
FY27 SWM$261,631,073$261,631,073
FY27 House$301,550,104$301,550,104
FY27 HWM$276,980,435$276,980,435
FY27 Gov$276,980,435$276,980,435
FY26$554,383,548$541,985,976

funding levels adjusted for inflation (cpi)

  • Active Line Items
  • All Line Items
FY26FY27 GovFY27 HouseFY27 SenFY27 GAA
Massachusetts Cultural Council$27,625,482$27,348,072$27,723,072$27,736,072$28,106,072
Workforce Competitiveness Trust Fund$8,182,995$8,000,000$10,000,000$5,000,000$8,000,000
Commonwealth Infrastructure Investment Assistance Reserve$13,297,366$13,000,000$13,000,000$13,000,000$13,000,000
Broadband Equity$7,910,956$0$0$0$0
Broadband Support Fund Appropriation$250,162$0$0$0$0
Local Community Development Projects$34,339,874$0$0$0$0
Investments in Green Space and Infrastructure$52,523,086$0$0$0$0
Investments in Environmental Justice Communities$51,617,999$0$0$0$0
Local Parks Projects$9,923,342$0$0$0$0
Agricultural Sector Development$6,788,835$0$0$0$0
Career and Workforce Development System Assessment$193,168$0$0$0$0
Local Public Service Needs$13,618,338$0$0$0$0
Local Economic Development Projects$28,068,615$0$0$0$0
Economic Development$28,139,178$0$0$0$0
Supplier Diversity Office$4,727,015$4,744,507$4,744,508$4,649,617$4,649,617
Flood Control Compacts$517,718$506,140$506,140$506,140$506,140
Dam Safety Technical Assistance$1,022,874$989,999$1,015,000$0$0
Department of Agricultural Resources Administration$12,116,284$10,377,866$10,189,910$10,970,309$10,970,309
Cannabis and Hemp Oversight$1,022,874$1,007,137$1,007,138$1,007,137$1,007,137
Executive Office of Housing and Economic Development$8,443,319$5,493,689$6,708,815$5,663,815$6,978,815
Summer Jobs Program for At Risk Youth (YouthWorks)$35,688,231$15,365,000$17,565,000$15,365,000$15,565,000
Housing and Economic Development IT Costs$2,120,054$2,421,308$2,176,276$2,372,882$2,176,276
HED CIO ISF$0$0$3,091,734$3,091,734$0
Community Action Grants$3,068,623$2,970,000$5,095,000$0$3,000,000
Innovation Institute$5,114,372$3,450,000$0$5,000,000$3,450,000
Small Business Technical Assistance Grant Program$5,165,515$4,950,000$5,100,000$4,950,000$5,050,000
Community Workforce Partnership Grant Program$0$10,000,000$0$0$0
Social Enterprise Grants$0$1,000,000$1,000,000$0$1,000,000
Career Technical Institutes$9,446,858$8,898,244$8,898,244$9,048,244$9,048,244
Transformative Development Fund$255,719$247,500$750,000$0$250,000
Massachusetts Downtown Initiative$0$0$0$600,000$600,000
Culture and Tourism Programs and Special Projects$3,744,623$0$0$0$0
Small Business Programs and Special Projects$198,113$0$0$0$0
Executive Office of Labor and Workforce Development$3,668,627$2,400,449$2,852,440$2,402,440$2,902,440
Labor and Workforce Development Shared Services$21,136,731$20,863,812$20,446,536$20,446,536$20,446,536
Workforce Development Programs and Special Projects$4,557$0$0$0$0
Department of Economic Research$800,482$796,233$780,308$780,308$780,308
Demonstration Workforce Dev Program$2,787,333$2,450,250$2,500,250$2,450,250$2,500,250
Registered Apprenticeship Expansion$3,390,972$3,333,577$3,333,577$3,583,577$3,583,577
Division of Apprenticeship Standards$358,006$360,324$360,324$360,324$360,324
Department of Labor Standards$4,797,717$4,844,179$4,747,296$4,747,296$4,747,296
Asbestos Deleading EA Services$461,394$454,428$454,428$454,428$454,428
Department of Industrial Accidents$23,853,492$24,309,171$23,822,988$23,822,988$23,822,988
Mass. Manufacturing Extension Partnership$2,045,749$0$2,000,000$0$2,000,000
Health Care Worker Training$1,022,874$1,000,000$1,000,000$1,000,000$1,000,000
MassHire Department of Career Services$2,162,329$2,054,001$2,012,922$2,012,922$2,012,922
One Stop Career Centers$8,357,992$8,089,373$7,927,586$7,927,586$7,927,586
Department of Labor Relations$3,745,909$3,817,423$3,741,076$3,741,076$3,741,076
Joint Labor Management Committee for Municipal Police and Fire$358,006$314,604$314,604$350,000$350,000
Massachusetts Service Alliance$1,724,566$1,369,140$1,686,000$1,369,140$1,686,000
AFL-CIO Workforce Development Programs$153,431$150,000$150,000$150,000$150,000
Office of Consumer Affairs and Business Regulation$1,792,856$1,938,641$1,803,593$2,099,868$2,003,593
Regional Economic Development Grants$1,022,874$1,000,000$1,000,000$1,000,000$1,000,000
Massachusetts Office of Business Development$1,978,311$1,574,199$1,567,715$1,942,715$1,942,715
Biotechnology Research Institute$767,156$742,500$750,000$0$500,000
Small Business Development Center at UMass$1,458,846$1,411,960$1,426,222$1,411,960$1,411,960
Commonwealth Zoological Corporation$7,160,120$5,250,000$6,675,000$5,075,000$7,050,000
Massachusetts Office of Travel and Tourism$14,939,847$10,000,000$14,549,000$10,000,000$14,155,000
Local Economic Development Projects$27,664,659$0$18,711,500$11,730,434$30,011,934
Disaster Relief and Resiliency Fund$0$0$14,000,000$0$0
Disaster Relief and Resiliency Fund$0$20,000,000$0$19,968,000$19,968,000
Massachusetts Cultural and Performing Arts Mitigation Trust Fund.$5,098,006$5,343,355$5,343,355$5,343,355$5,343,355
Race Horse Development Fund$6,372,507$0$6,679,193$0$6,679,193
Mass. Tourism Trust Fund$2,549,003$5,343,355$5,343,355$5,343,355$5,343,355
Workforce Training Trust Fund$27,617,607$27,000,000$27,000,000$27,000,000$27,000,000
FY26FY27 GovFY27 HouseFY27 SenFY27 GAA
Massachusetts Cultural Council$27,625,482$27,348,072$27,723,072$27,736,072$28,106,072
Cultural Resources Act$0$0$0$0$0
John and Abigail Adams Arts Program$0$0$0$0$0
Mass. Development Finance Agency$0$0$0$0$0
Mass Development Small Business Loan Reserve$0$0$0$0$0
Economic Stimulus Trust Fund$0$0$0$0$0
Capital Needs Investment Trust$0$0$0$0$0
Educational Rewards Grant Program$0$0$0$0$0
Commonwealth Information Technology Initiative$0$0$0$0$0
Board of Higher Education Scholar-Internship Match$0$0$0$0$0
Workforce Competitiveness Trust Fund$0$0$0$0$0
District Local Technical Assistance Fund$0$0$0$0$0
Workforce Competitiveness Trust Fund$8,182,995$8,000,000$10,000,000$5,000,000$8,000,000
Offshore Wind Energy Career Training Trust Fund$0$0$0$0$0
Disaster Relief and Resiliency Fund$0$0$0$0$0
Mass. Life Sciences Investment Fund$0$0$0$0$0
Mass. Technology Park Corporation$0$0$0$0$0
Mass. Development Finance$0$0$0$0$0
Infrastructure Development Fund$0$0$0$0$0
Mass. Cultural Facilities Fund$0$0$0$0$0
Mass. Technology Transfer Center$0$0$0$0$0
State Athletic Commission Fund$0$0$0$0$0
Dept. of Business and Technology Grants$0$0$0$0$0
Historical Preservation Grants$0$0$0$0$0
Dairy Farmer Reserve$0$0$0$0$0
Mass. Port Authority Tourism$0$0$0$0$0
Commonwealth Infrastructure Investment Assistance Reserve$13,297,366$13,000,000$13,000,000$13,000,000$13,000,000
District Local Technical Assistance Fund$0$0$0$0$0
2023 Farm Natural Disaster Reserve$0$0$0$0$0
2023 Storms and Natural Disasters$0$0$0$0$0
Historic Preservation Reserve$0$0$0$0$0
Mass. High Tech Council Grant$0$0$0$0$0
Mass. Defense Technology Institute$0$0$0$0$0
Broadband Equity$7,910,956$0$0$0$0
Broadband Support Fund Appropriation$250,162$0$0$0$0
Business Support$0$0$0$0$0
Local Community Development Projects$34,339,874$0$0$0$0
Investments in Green Space and Infrastructure$52,523,086$0$0$0$0
Investments in Environmental Justice Communities$51,617,999$0$0$0$0
Local Parks Projects$9,923,342$0$0$0$0
ARPA Clean Water Trust Fund$0$0$0$0$0
Port Infrastructure$0$0$0$0$0
Agricultural Sector Development$6,788,835$0$0$0$0
Career and Workforce Development System Assessment$193,168$0$0$0$0
Local Public Service Needs$13,618,338$0$0$0$0
Local Economic Development Projects$28,068,615$0$0$0$0
Economic Development$28,139,178$0$0$0$0
Capital Access Program$0$0$0$0$0
MassPort Tourism$0$0$0$0$0
Supplier Diversity Office$0$0$0$0$0
Supplier Diversity Office$4,727,015$4,744,507$4,744,508$4,649,617$4,649,617
Flood Control Compacts$517,718$506,140$506,140$506,140$506,140
Dam Safety Technical Assistance$1,022,874$989,999$1,015,000$0$0
Commonwealth Zoological Corporation$0$0$0$0$0
Commonwealth Zoological Corporation$0$0$0$0$0
Commonwealth Zoological Corporation$0$0$0$0$0
Department of Agricultural Resources Administration$12,116,284$10,377,866$10,189,910$10,970,309$10,970,309
Cannabis and Hemp Oversight$1,022,874$1,007,137$1,007,138$1,007,137$1,007,137
Agricultural Innovation Center$0$0$0$0$0
Aquaculture Development$0$0$0$0$0
Commonwealth Zoological Corporation$0$0$0$0$0
Department of Labor$0$0$0$0$0
Executive Office of Housing and Economic Development$8,443,319$5,493,689$6,708,815$5,663,815$6,978,815
Summer Jobs Program for At Risk Youth (YouthWorks)$35,688,231$15,365,000$17,565,000$15,365,000$15,565,000
Permitting Technical Grants$0$0$0$0$0
Housing and Economic Development IT Costs$2,120,054$2,421,308$2,176,276$2,372,882$2,176,276
HED CIO ISF$0$0$3,091,734$3,091,734$0
Workforce Development Grant$0$0$0$0$0
Local Capital Projects Program$0$0$0$0$0
Advanced Manufacturing Futures Program$0$0$0$0$0
Mass. Life Sciences Center$0$0$0$0$0
Community Action Grants$3,068,623$2,970,000$5,095,000$0$3,000,000
Massachusetts Life Sciences Center Health Equity Programs$0$0$0$0$0
Manufacturing College$0$0$0$0$0
Innovation Institute$5,114,372$3,450,000$0$5,000,000$3,450,000
International Trade$0$0$0$0$0
Military Base Promotion$0$0$0$0$0
Urban Agenda Economic Development Grants$0$0$0$0$0
Community Compact Grants$0$0$0$0$0
Small Business Technical Assistance Grant Program$5,165,515$4,950,000$5,100,000$4,950,000$5,050,000
Wireless Broadband Affairs Director$0$0$0$0$0
Community Workforce Partnership Grant Program$0$10,000,000$0$0$0
Social Enterprise Grants$0$1,000,000$1,000,000$0$1,000,000
Executive Office of Labor and Workforce Development$0$0$0$0$0
Apprentice Training Program$0$0$0$0$0
Labor and Workforce Development Information Technology$0$0$0$0$0
Division of Occupational Safety$0$0$0$0$0
Asbestos Abatement and Deleading Services Retained Revenue$0$0$0$0$0
Occupational Hygiene Program$0$0$0$0$0
Division of Industrial Accidents$0$0$0$0$0
Labor Relations Commission$0$0$0$0$0
Joint Labor-Management Committee$0$0$0$0$0
Board of Conciliation and Arbitration$0$0$0$0$0
Division of Labor Relations$0$0$0$0$0
Arbitration and Mediation Retained Revenue$0$0$0$0$0
Workforce Competitiveness Trust Fund$0$0$0$0$0
Learn to Earn$0$0$0$0$0
Career Technical Institutes$9,446,858$8,898,244$8,898,244$9,048,244$9,048,244
Downtown Regional Grant Program$0$0$0$0$0
MassVentures Operations$0$0$0$0$0
Transformative Development Fund$255,719$247,500$750,000$0$250,000
Massachusetts Cybersecurity Innovation Fund$0$0$0$0$0
Working Cities Tech Assistance Grants$0$0$0$0$0
Parking Management Plan Grants$0$0$0$0$0
Mass. Tech. Collaborative Tech and Innovation Entrepreneurs$0$0$0$0$0
Entrepreneur in Residence Pilot Program$0$0$0$0$0
Center for Advanced Manufacturing$0$0$0$0$0
Big Data Innovation and Workforce Fund$0$0$0$0$0
North Shore InnoVentures$0$0$0$0$0
Massachusetts Downtown Initiative$0$0$0$600,000$600,000
MA Technology Transfer Center$0$0$0$0$0
Culture and Tourism Programs and Special Projects$3,744,623$0$0$0$0
Digital Health Internship Incentive Fund$0$0$0$0$0
Economic Recovery Planning and Response$0$0$0$0$0
Community Empowerment and Reinvestment Grant Program$0$0$0$0$0
Community Foundation Grants$0$0$0$0$0
Small Business Programs and Special Projects$198,113$0$0$0$0
Electricity Deregulation Supplemental Unemployment Insurance$0$0$0$0$0
Executive Office of Labor and Workforce Development$3,668,627$2,400,449$2,852,440$2,402,440$2,902,440
Labor and Workforce Development Shared Services$21,136,731$20,863,812$20,446,536$20,446,536$20,446,536
Workforce Development Programs and Special Projects$4,557$0$0$0$0
Department of Economic Research$800,482$796,233$780,308$780,308$780,308
Demonstration Workforce Dev Program$2,787,333$2,450,250$2,500,250$2,450,250$2,500,250
Registered Apprenticeship Expansion$3,390,972$3,333,577$3,333,577$3,583,577$3,583,577
Division of Apprenticeship Standards$358,006$360,324$360,324$360,324$360,324
Labor and Workforce Development IT Costs$0$0$0$0$0
Department of Labor Standards$4,797,717$4,844,179$4,747,296$4,747,296$4,747,296
Asbestos Deleading EA Services$461,394$454,428$454,428$454,428$454,428
Department of Family and Medical Leave$0$0$0$0$0
Re-Employment Assistance$0$0$0$0$0
Economic Stabilization Trust$0$0$0$0$0
Department of Industrial Accidents$23,853,492$24,309,171$23,822,988$23,822,988$23,822,988
Manufacturing Assistance$0$0$0$0$0
Direct Care Workforce Development Contract$0$0$0$0$0
Summer Jobs Program$0$0$0$0$0
Health Care Career Ladder Programs$0$0$0$0$0
Mass. Manufacturing Extension Partnership$0$0$0$0$0
Mass. Manufacturing Extension Partnership$2,045,749$0$2,000,000$0$2,000,000
Health Care Worker Training$1,022,874$1,000,000$1,000,000$1,000,000$1,000,000
Commonwealth Corporation Grants$0$0$0$0$0
Workforce Training Programs$0$0$0$0$0
Individual Training Grants$0$0$0$0$0
Racetrack Employee Re-Training$0$0$0$0$0
MassHire Department of Career Services$2,162,329$2,054,001$2,012,922$2,012,922$2,012,922
Just-A-Start Biotech Training$0$0$0$0$0
One Stop Career Centers$8,357,992$8,089,373$7,927,586$7,927,586$7,927,586
Mass. Workforce Professionals Association$0$0$0$0$0
Massachusetts Workforce Professional Association$0$0$0$0$0
Welfare-To-Work Skills Plus$0$0$0$0$0
Department of Labor Relations$3,745,909$3,817,423$3,741,076$3,741,076$3,741,076
Summer Jobs Program for At-Risk Youth$0$0$0$0$0
Arbitration and Mediation Retained Revenue$0$0$0$0$0
Joint Labor Management Committee for Municipal Police and Fire$358,006$314,604$314,604$350,000$350,000
Workforce Development Initiative$0$0$0$0$0
Massachusetts Service Alliance$1,724,566$1,369,140$1,686,000$1,369,140$1,686,000
AFL-CIO Workforce Development Programs$153,431$150,000$150,000$150,000$150,000
Small Business Association Layoff Aversion Program$0$0$0$0$0
Workforce Development Tracking$0$0$0$0$0
DES Youth Service And Conservation Corps$0$0$0$0$0
Commonwealth Development Coordinating Council$0$0$0$0$0
Grants to Municipalities$0$0$0$0$0
Municipal Economic Development$0$0$0$0$0
Community Development Action Grant$0$0$0$0$0
Quincy Center Revitalization$0$0$0$0$0
Economic Grants to Municipalities$0$0$0$0$0
Management Incentive Grants$0$0$0$0$0
Community Investment Grant Program$0$0$0$0$0
Grant to Worcester - CitySquare Project$0$0$0$0$0
Worcester Medical City Grant$0$0$0$0$0
Non-Fed Aided Urban Renewal$0$0$0$0$0
Urban Revitalization and Development$0$0$0$0$0
Office of Consumer Affairs and Business Regulation$1,792,856$1,938,641$1,803,593$2,099,868$2,003,593
Comprehensive Document Imaging System$0$0$0$0$0
Precision Manufacturing Pilot$0$0$0$0$0
Department of Business and Technology$0$0$0$0$0
Mystic Valley Economic Development$0$0$0$0$0
Regional Economic Development Grants$1,022,874$1,000,000$1,000,000$1,000,000$1,000,000
Mass. Opportunity Relocation and Expansion Program$0$0$0$0$0
BRAC Program MBDC$0$0$0$0$0
Brownfields Redevelopment Fund$0$0$0$0$0
Mass. Business to Business Program$0$0$0$0$0
Massachusetts Office of Business Development$1,978,311$1,574,199$1,567,715$1,942,715$1,942,715
In-State Sales Force$0$0$0$0$0
Office of Small Business and Entrepreneurship$0$0$0$0$0
Manufacturing Initiatives$0$0$0$0$0
Mass. Manufacturing Extension Partnership$0$0$0$0$0
Mass. Office of Business Development Grants$0$0$0$0$0
Biotechnology Research Institute$767,156$742,500$750,000$0$500,000
Mass. Manufacturing Extension Partnership$0$0$0$0$0
Economic Development Grants$0$0$0$0$0
Devens Progress Review$0$0$0$0$0
Small Business Development Center at UMass$1,458,846$1,411,960$1,426,222$1,411,960$1,411,960
Microlending$0$0$0$0$0
Year Up$0$0$0$0$0
Mass. Office of Travel and Tourism$0$0$0$0$0
Mass. Sports and Entertainment Commission$0$0$0$0$0
UMass Boston Venture Development Center$0$0$0$0$0
Local Travel and Tourism Grants$0$0$0$0$0
Commonwealth Zoological Corporation$0$0$0$0$0
Commonwealth Zoological Corporation$7,160,120$5,250,000$6,675,000$5,075,000$7,050,000
Mass. Office of Travel and Tourism Competitive Grants$0$0$0$0$0
Mass. Film Office$0$0$0$0$0
Local Tourist Councils Financial Assistance$0$0$0$0$0
MassDevelopment Reserve II$0$0$0$0$0
Business Export Grants$0$0$0$0$0
Mass. Technology Collab./Mass. Technology Park Corp.$0$0$0$0$0
Mass. Tech. Collab. Computer Science Education$0$0$0$0$0
Mass. International Trade Council$0$0$0$0$0
MassDevelopment Reserve$0$0$0$0$0
State Office of Minority and Women Business Assistance$0$0$0$0$0
Small Business Association Layoff Aversion Grant Program$0$0$0$0$0
Mass. Office of Travel and Tourism$0$0$0$0$0
Mass. Technology Development Corporation$0$0$0$0$0
Mass. Technology Park Corporation$0$0$0$0$0
Westfield - Engineering and Infrastructure Improvements$0$0$0$0$0
Commonwealth’s 250th Anniversary Celebration$0$0$0$0$0
Massachusetts Office of Travel and Tourism$14,939,847$10,000,000$14,549,000$10,000,000$14,155,000
Anniversary Celebrations$0$0$0$0$0
Local Tourist Councils Financial Assistance$0$0$0$0$0
Mass Office of Travel and Tourism International Marketing$0$0$0$0$0
Massachusetts Restaurant Commission$0$0$0$0$0
Local Economic Development Projects$27,664,659$0$18,711,500$11,730,434$30,011,934
One-Time Local Economic Development Projects$0$0$0$0$0
Massachusetts International Trade Council$0$0$0$0$0
Alternative and Clean Energy Investment Trust$0$0$0$0$0
Disaster Relief and Resiliency Fund$0$0$14,000,000$0$0
Emerging Technologies Fund$0$0$0$0$0
Mass. Research Center Matching Fund$0$0$0$0$0
Offshore Wind Energy Career Training Trust Fund$0$0$0$0$0
Smart Growth Housing Trust$0$0$0$0$0
Disaster Relief and Resiliency Fund$0$20,000,000$0$19,968,000$19,968,000
Massachusetts Cultural and Performing Arts Mitigation Trust Fund.$5,098,006$5,343,355$5,343,355$5,343,355$5,343,355
Race Horse Development Fund$6,372,507$0$6,679,193$0$6,679,193
Mass. Tourism Trust Fund$2,549,003$5,343,355$5,343,355$5,343,355$5,343,355
Workforce Training Trust Fund$27,617,607$27,000,000$27,000,000$27,000,000$27,000,000
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