Fiscal Year (FY) 2025 begins on July 1st, and House and Senate budget negotiators are actively engaging in conversations to craft a compromise budget proposal. The Conference Committee process involves reconciling countless spending, policy, and technical differences between the two bills; and this…

The Senate finalized its $58 billion Fiscal Year (FY) 2025 budget this week after adding $89.6 million in spending over the course of three days of debate. The Senate took action on 1,100 amendments through a combination of standalone votes and amendment ‘bundles,’ which categorically approve…

5 Things to Know About the FY 2025 Senate Amendments1. Senate members filed 1,100 amendments, 51 more than in FY 2024 and 78 fewer than in FY 2023.2. The fiscal impact of all amendments is $2.9 billion.3. An estimated 58% (636) of the amendments are earmarks. 4. Approximately 42% (464) of the…

Today, the Senate Committee on Ways and Means (SWM) released its budget proposal for Fiscal Year (FY) 2025. The $57.99 billion spending plan includes notable investments in higher education, early education, and mental and behavioral health; increasing spending over the FY 2024 General…

The wide swing indicates the state is still navigating an atypical time, particularly with collections in some areas, such as sales tax revenue, still falling below expectations, said Doug Howgate, president of the Massachusetts Taxpayers Foundation, a business-backed budget watchdog group.“You don…

The House finalized its $58.07 billion Fiscal Year (FY) 2025 budget last week after adding $95.8 million in spending over the course of three days of debate.The House took action on 1,495 amendments through a combination of 7 consolidated amendments and 2 separate votes. Some version of at least…

Two weeks ago, the House Ways and Means Committee released its budget proposal for Fiscal Year (FY) 2025. While the budget development process for the upcoming fiscal year will consume much of the attention in the coming weeks, the FY 2024 fiscal picture remains unclear and will require careful…

5 Things to Know:1. House members filed 1,495 amendments, 71 fewer than in FY 2024 and 27 fewer than in FY 2023.2. The fiscal impact of all amendments is $2.02billion.*3. Over 70% (1,095) of the amendments are earmarks.4. Approximately 25%(400) of the amendments are outside policy sections, support…

Earlier today, the Fiscal Year (FY) 2025 budget development process officially moved to the Legislature with the release of the House Committee on Ways and Means (HWM) budget proposal. About two months after Governor Healey filed her administration’s spending plan, the $57.98 billion HWM budget…

On January 24th, the Healey administration filed its budget proposal for Fiscal Year (FY) 2025. The $58.13 billion spending plan is supported by tax, departmental, and federal revenues, as well as the use of trust fund resources built up in recent years.The revenue foundation for Governor Healey’s…