Agreement completes Student Opportunity Act commitment, expands housing production, and strengthens the MBTA
(BOSTON—7/1/2026) Without raising taxes on Massachusetts residents, the Massachusetts Legislature today delivered a Fiscal Year 2027 budget that drives down costs for residents, boosts the state’s economy, and adds to the state’s savings account. Senator Cindy F. Friedman (D-Arlington) voted for the budget, which includes significant funding for the communities of the 4th Middlesex district.
The plan makes record investments in public education, unlocks new housing production, strengthens the state’s public transportation systems, and protects vulnerable residents from the impact of federal cuts.
The bill spends $63.4 billion, a 4 percent increase from last year, and includes $2.7 billion in Fair Share funds that will support public education and transportation as voters intended. The budget raises no taxes and adds $51 million to the state’s ‘Rainy Day’ Stabilization Fund, which is projected to reach a historic $8.2 billion balance by the end of Fiscal Year 2027.
“Recognizing that the Commonwealth and our residents continue to feel the effects of a challenging economy, the Legislature’s Fiscal Year 2027 budget prioritizes responsible investments in the services and programs our constituents rely on,” said Senator Friedman, Senate Chair of the Joint Committee on Health Care Financing. “This budget provides a substantial increase in local aid, by providing municipalities with flexible funding to keep up with the rising costs of goods and services and continues to meet our implementation timeline of the Student Opportunity Act, with a record level of per-pupil Chapter 70 funding.… Read more.