Budget Resources

This analysis represents the next step in the FY 2027 state budget creation process. Both the Massachusetts House of Representatives and Senate have put forward their respective budget proposals for the Fiscal Year (FY) 2027 that starts July 1. The Conference Committee, consisting of six members, three from the House of Representatives and three from the Senate, will work to reconcile the differences between the House’s (HB5501) $63.4 billion and the Senate’s (SB3100) $63.4 billion budget proposals. These proposals include $2.7 billion in revenue from the Fair Share surtax, the voter-approved ballot initiative that enacted a surtax on the highest ...

This analysis represents the next step in the FY 2027 state budget creation process. The Senate Ways and Means (SWM) Committee’s Fiscal Year (FY) 2027 budget proposal, released on May 5, allocates approximately $63.3 billion in spending for the Commonwealth. This proposal includes $2.7 billion from the Fair Share surtax, the voter-approved ballot initiative that enacted a surtax on the highest incomes in Massachusetts. This is the next step in the FY 2027 state budget cycle, after the House finalized its FY 2027 budget proposal on April 29. The SWM proposed budget follows a similar approach to the governor’s proposal, ...

This analysis represents the next step in the FY 2027 state budget creation process. The House of Representatives budget proposal for Fiscal Year (FY) 2027 is the first annual state budget offered by the Legislature since the federal “One Big Beautiful Bill” Act (OB3) was passed by the United States Congress on July 4, 2025. The past year has raised alarms over deep federal spending cuts, raised tariffs, foreign wars, intensified immigration enforcement, and other unprecedented federal threats and disruptions. On top of these threats, two proposed ballot initiatives in Massachusetts, if passed, would deeply curtail the Commonwealth’s ability to ...

House Ways and Means’ (HWM) proposed budget follows a similar approach to the governor’s proposal, bracing for difficult times ahead while making ample use of the Fair Share surtax.  The House Ways and Means (HWM) committee’s Fiscal Year (FY) 2027 budget proposal, released on April 15, allocates approximately $63 billion in spending for the Commonwealth. This proposal includes $2.7 billion from the Fair Share surtax, the voter-approved ballot initiative that enacted a surtax on the highest-income earners in Massachusetts. This is the next step in the FY 2027 state budget cycle, after Governor Maura Healey released her FY 2027 budget ...

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 ...

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 ...