Governor Announces Highlights of Fiscal Year 2024 Budget

Governor Maura Healey and Lieutenant Governor Kim Driscoll announced highlights of their Fiscal Year 2024 budget, which was filed Wednesday. Healey says the $55.5 billion dollar budget is “Meeting the moment: with a strong economy, livable communities, and a
sustainable future.”

Healey says this is a 4.1 percent spending growth over the last fiscal year. The budget implements $1 billion dollars in spending through the Fare Share Fund and other sources of revenue. Voters approved the ballot measure for a 4 percent surtax on income above $1 million dollars.

She says the budget fully funds the Student Opportunity Act, with an increase in funding for Chapter 70 School Aid, and universal Pre-K. The budget is filed in addition to a $750 million dollar tax relief package Healey and her administration filed.