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Massachusetts's budget basics ing to the National Association of State Budget Officers (NASBO), Massachusetts's total expenditures in fiscal year (FY) 2022 were $74.0 billion, including general funds, other state funds, bonds, and federal funds.
Maura Healey today signed a $55.98 billion state budget for Fiscal Year 2024 (FY24), making historic investments in schools, child care, workforce development, public transit, housing, climate resiliency and other key areas that will help make Massachusetts more affordable, competitive and equitable.
House and Senate leaders reach $2.8 billion budget deal, but Republicans block vote. Massachusetts Democratic leaders said they agreed to a roughly $2.8 billion supplemental budget framework Thursday, including $250 million for the state's overburdened family shelter system.
Governor Healey signed the Fiscal Year 2024 (FY24) Budget on August 9, 2023.
Chapter 28 Revenue SourceAll Budgeted FundsOther Major FundsDepartmental Revenues$6,127.5$191.7Consolidated Transfers$4,290.0$1,573.0Total Non-Tax Revenue$24,152.8$1,773.3Fiscal Year 2024 Grand Total$56,551.0$1,774.241 more rows
The Executive and Legislative branches each submit their own budget recommendations, beginning with the Governor (published as H. 1 or H. 2), followed by the House, and then finally by the Senate.
Maura Healey today signed a $55.98 billion state budget for Fiscal Year 2024 (FY24), making historic investments in schools, child care, workforce development, public transit, housing, climate resiliency and other key areas that will help make Massachusetts more affordable, competitive and equitable.
Under G.L. c. 44, § 32, any item in the mayor's proposed annual budget that the city council has not voted, within 45 days of its receipt of the budget, to approve, reduce or reject takes effect as the appropriation for that purpose for the fiscal year.