On May 23, 2024, the Massachusetts Senate unanimously approved a $57.999 billion budget for Fiscal Year 2025 (FY25). Following robust and spirited debate, the Senate adopted over 400 amendments and took 43 roll call votes, adding $89.6 million in spending for statewide initiatives and local priorities for communities around the Commonwealth. The budget builds on the Senate’s commitment to fiscal responsibility while delivering historic levels of investment in every level of education, regional equity, and mental health, reflecting the Chamber’s commitment to creating a more affordable, equitable, and competitive Commonwealth.
The Senate’s budget recommends a total of $58 billion in spending, a $1.8 billion increase over the Fiscal Year 2024 (FY24) General Appropriations Act (GAA). This spending recommendation is based on a tax revenue estimate of $41.5 billion for FY25, which is $208 million less than revenues assumed in the FY24 GAA. This represents nearly flat growth, as agreed upon during the Consensus Revenue process in January, plus $1.3 billion in revenue generated from the Fair Share surtax. The Senate’s budget continues responsible and sustainable planning for the future by continuing to grow the Rainy Day Fund, already at a historic high of over $8 billion. The Senate’s proposal would build the Commonwealth’s reserves to a healthy balance in excess of $9 billion at the close of FY25.
The Senate FY25 Budget was debated from May 21-May 23 following a recommendation from the Senate Committee on Ways and Means released on May 7, 2024 and the Senate is scheduled to begin debate on the proposed budget on May 21, 2024. The Commonwealth’s FY25 budget runs from July 1, 2024 to June 30, 2025 and serves as an important legislative vehicle to fund state programs and services, local initiatives, as well as policy priorities.
Governor Healey released her proposed FY25 budget in January and the House of Representatives passed a proposed FY25 budget in late May. To view either of these proposals, visit the Massachusetts Budget Tracker. The differences between the Senate and House of Representatives budgets will be reconciled through a conference committee consisting of members of each chamber.
Senate FY25 Budget Information (May 2024)
Senate FY25 Budget Debate Livestream and Recordings
Press Release: Senate Ways and Means Releases Fiscal Year 2025 Budget Recommendations
Full Senate Ways and Means FY25 Budget Proposal (S.4)
Senate Ways and Means FY25 Budget Proposal Executive Summary
FY25 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 a combined $2 million in state appropriations in the FY25 Senate Budget through Senator Friedman’s advocacy.
