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MassBudget Statement on House Ways and Means FY 2027 Budget Proposal
Today, the Massachusetts House Ways and Means (HWM) committee released their proposed budget for Fiscal Year (FY) 2027. This follows Governor Maura Healey’s FY 2027 budget proposal released in January. The HWM proposal outlines a plan to spend over $63.3 billion for the upcoming fiscal year beginning July 1, of which $2.7 billion is revenue from the Fair Share surtax. Statement from Viviana Abreu-Hernandez, Ph.D., MassBudget President “The HWM FY 2027 budget proposal once again shows the value and importance of the Fair Share surtax, which allows the Commonwealth to continue and increase critical investments in education and transportation. We ...
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MassBudget’s In-Depth Analysis of Governor Healey’s FY 2027 Budget and FY 2026 Supplemental Budget Proposals
Governor Healey’s Proposed Budget Braces for Difficult Times Ahead While Making Ample Use of Fair Share Governor Maura Healey’s Fiscal Year (FY) 2027 budget proposal is the first step of the FY 2027 state budget cycle. The budget outlines the governor’s plan to spend over $62.8 billion, which includes $2.7 billion in Fair Share surtax revenue, the surtax on high incomes in Massachusetts, but does not include pre-budget transfers.1 The governor’s proposal also includes a supplemental budget for the current fiscal year (FY 2026) with recommended uses for the $1.35 billion in one-time Fair Share revenue, available because collections surpassed ...
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MassBudget’s Preliminary Analysis of Governor Healey’s FY 2027 Budget and FY 2026 Supplemental Budget Proposals
Read MassBudget’s Statement on Governor Healey’s FY 2027 Budget Proposal. Below, MassBudget provides a preliminary analysis of Governor Maura Healey’s Fiscal Year (FY) 2027 budget proposal. MassBudget will release an in-depth analysis of the Governor’s FY 2027 Budget Proposal in the coming weeks. Fair Share surtax revenue continues to support critical education and transportation programs Governor Maura Healey proposed a Fiscal Year (FY) 2027 budget of $62.8 billion, which includes $2.7 billion from the Fair Share surtax. The proposal also includes a FY 2026 supplemental budget proposal totaling $1.15 billion also from Fair Share, the voter-approved ballot initiative that enacted ...
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MassBudget Statement on Governor Healey’s FY 2027 Budget Proposal
Today, Governor Maura Healey released her proposed budget for Fiscal Year 2027 (FY 2027). This proposal starts the FY 2027 budget cycle and outlines the governor’s plan to spend over $62.8 billion, including $2.7 billion in Fair Share surtax spending, a nearly 4 percent increase over FY 2026. The governor’s FY 2027 proposal was filed alongside a supplemental budget proposal for the current fiscal year (FY 2026) with recommended uses for the $1.15 billion in additional one-time Fair Share spending. Statement from Viviana Abreu-Hernandez, Ph.D., MassBudget President “The Commonwealth continues to benefit greatly from the Fair Share surtax. The governor’s ...
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MassBudget Statement on the FY 2027 Consensus Revenue Estimate (CRE)
MassBudget statement released on 1/14/26 at 4:30PM “Today the Governor, Senate President, and Speaker of the House jointly announced the Fiscal Year (FY) 2027 Consensus Revenue Estimate (CRE) which dictates how much money the state has to spend in the upcoming fiscal year. The CRE for FY 2027 has been set at $44.9 billion. This total includes $2.7 billion dollars in surtax revenues from the Fair Share Amendment that can be spent on public education and transportation needs. Last year’s Fair Share revenue far exceeded official projections. It is heartening to see that lawmakers are confident the surtax will continue ...
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Protect Massachusetts’s Fiscal Stability: Which OB3 Tax Changes to Opt Out of and Why
Unfortunately, changes to the federal corporate tax code included in the “One Big Beautiful Bill Act” (OB3) will make our state fiscal situation worse. Many of these changes will enter our state tax code automatically, costing the Commonwealth hundreds of millions of dollars in lost corporate tax revenue unless state lawmakers opt out of these provisions. Detaching the state’s tax code from specific provisions in the federal code is a common practice known as “decoupling.”
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Show Me the Money: Cannabis Revenue, Spending, and Equity in Massachusetts
Key Takeaways Since the legalization of recreational, adult-use cannabis in 2016, cannabis sales in Massachusetts have generated nearly $2 billion in state and local revenue, with total adult-use retail sales reaching over $8 billion as of August 2025. Revenue from the Marijuana Regulation Fund (MRF), the main fund that receives cannabis revenue, supports various programs across public health, community investment, law and public safety, and regulatory oversight, with public health receiving the largest percentage. Massachusetts has led the nation in cannabis social equity programs. The initial legislation, revised after the 2016 ballot initiative, includes mandated social equity components to promote ...
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Payouts and Risks in Massachusetts’s Gambling Revenue
Key Takeaways The Lottery, casinos, and sports betting together generate $1.5 billion in annual taxes, the state’s fourth largest source of revenue. The Lottery is the largest source, but has fallen by a third since 2002, when adjusted for inflation. Problem gambling disproportionately harms lower-income and non-white bettors. Lottery revenue is used for local aid, which is somewhat targeted to lower-income communities. State spending of casino revenue has changed over time and concentrated in a few programs. Growing online sports betting may be replacing some casino gambling. It pays lower tax rates on profits and poses new dangers for problem ...
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MassBudget’s Analysis of the FY 2026 General Appropriations Act
The state budget Governor Maura Healey signed on July 4th for Fiscal Year (FY) 2026 reflects both caution in the face of federal funding threats and the new possibilities for investment in education and transportation made viable by surging revenue from the Fair Share surtax.
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Preliminary Analysis: FY 2026 Conference Committee Budget Proposal
The Conference Committee’s Fiscal Year 2026 budget proposal, released Sunday, June 29, allocates over $61 billion in spending for the Commonwealth. MassBudget shares our preliminary analysis of the proposal.
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