$57.999 billion budget approved unanimously following three days of robust, bipartisan debate
(BOSTON—5/23/2024) The Massachusetts Senate has 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 Fiscal Year 2025 budget ensures stability, regional equity, and a high level of quality for the programs that our municipalities and residents need and rely on,” said Senator Cindy F. Friedman (D-Arlington), Vice Chair of the Senate Committee on Ways and Means. “As we grapple with rising costs and access challenges within the Massachusetts health care system, I am especially proud that this budget utilizes tools to maximize our health care dollars for the facilities and providers that serve our most vulnerable residents. I thank Senate President Spilka, Senate Ways and Means Chair Rodrigues, and my Senate colleagues for their thoughtful approach and dedication to passing a budget that balances fiscal constraints with targeted, impactful investment in our 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.… Read more.