On January 24th, the Healey administration filed its budget proposal for Fiscal Year (FY) 2025. The $58.13 billion spending plan includes $1.3 billion in proposed spending supported by income surtax revenues, an increase of $300 million over the $1 billion surtax spending cap established for the FY 2024 General Appropriations Act (GAA).

As constitutionally required, income surtax revenues are dedicated towards education and transportation investments. In FY 2025, Governor Healey proposes devoting $750 million (58 percent) towards education and $550 million (42 percent) towards transportation; and her spending plan includes several notable new investments.