The FY23 budget has been passed by the Massachusetts Legislature and sent to Gov. Baker on July 19, 2022. The House passed its FY23 budget on April 27, 2022, and the Senate passed its FY23 budget on May 27, 2022. The final budget was negotiated and reported out of conference committee on July 19, 2022.
The FY23 budget totals $52.7 billion in state funding for programs and services between July 1, 2022 and July 1, 2023. It upholds fiscal responsibility and makes targeted investments to strengthen the state’s economic foundation, protect the most vulnerable residents and support the everyday needs of communities and families in the Commonwealth.
Taking into consideration historic tax revenue performance in Fiscal Year 2022 (FY22), the final FY23 conference report increases revenue projections by $2.66 billion over the December consensus for a projection of $39.575 billion. The FY23 budget transfers funds into the Stabilization Fund, projecting an estimated historic balance of approximately $7.35 billion for this crucial ‘rainy day’ fund at the end of the fiscal year.
Helpful Links/More Information
Local Aid for the 4th Middlesex district
Chapter 70 Funding for Public Schools in the 4th Middlesex district
Senate Budget Proposal Information (May 2022)
Amendment 388 – Provider Access
I filed Amendment 388 to the budget to protect access to reproductive and gender-affirming health care in our Commonwealth, which was adopted by the Senate for the FY23 budget. The text of Amendment 388 was not included in the final budget, but was passed in a standalone bill, which can be found below.