Governor Maura T. Healey signed the FY24 budget in part on August 9, 2023 after the Legislature sent a final budget to the Governor’s desk on July 31, 2023. Under the Massachusetts Constitution, the Governor may approve or veto the entire budget, veto or reduce specific line items, veto outside sections or submit changes as an amendment to the budget for further consideration by the Legislature. Governor Healey’s budget signing included vetoed and amended language, which you can find in her letter to the Legislature.
The Commonwealth’s Fiscal Year 2024 budget runs from July 1, 2023 to June 30, 2024 and serves as an important legislative vehicle to fund state programs and services, local initiatives, and important policy priorities.
The Legislature’s conference committee report included a total of $56.2 billion in spending, a $3.8 billion increase over the Fiscal Year 2023 (FY23) General Appropriations Act. Remaining vigilant about the current fiscal environment, the FY24 budget adheres to sound fiscal discipline and builds up available reserves for the state’s Stabilization Fund, which has grown to a record high of $7.16 billion and is projected to close FY24 at $9.07 billion, ensuring the Commonwealth will continue to have healthy reserves to maintain fiscal responsibility during a time of ongoing economic volatility.
The Senate’s version of the FY24 budget also set aside $575 million to pay for a progressive tax relief package that will center equity and chip away at the headwinds that threaten Massachusetts competitiveness. Individual tax relief packages have been passed by each chamber and are awaiting resolution.
Final Budget Information (August 2023)
Senate Budget Information (May 2023)
Senator Friedman FY24 Budget Opening Floor Speech
FY24 Senate Budget Local Funding for the 4th Middlesex District (Arlington, Billerica, Burlington, Lexington, Woburn)
Local Project Funding
The below images show projects in the 4th Middlesex district that were designated to receive state appropriations in the FY24 Senate Budget through Senator Friedman’s advocacy.