Massachusetts House leaders unveiled a proposed $57.9 billion state budget for the 2025 fiscal year that would include $500 million for the state’s emergency shelter system. Lawmakers say the plan also includes what they describe as a record investment of $555 million for the beleaguered Massachusetts Bay Transportation Authority.
FILE - Massachusetts House Speaker Ronald Mariano and fellow Democratic Senate President Karen Spilka speak at an event at the Massachusetts Statehouse in Boston, Sept. 26, 2023. Massachusetts House leaders unveiled a proposed $57.9 billion state budget for the 2025 fiscal year that would include $500 million for the state’s emergency shelter system and what lawmakers say is a record investment of $555 million for the beleaguered Massachusetts Bay Transportation Authority.
Democratic House Speaker Ronald Mariano said the $555 million investment in the MBTA — and another $184 million for regional transit authorities across the state — is key to the state’s economy. Mariano said the proposed funding would represent a 41 percent increase in transportation funding from the current fiscal year. He said the proposed investment relies in part on funds generated by the so-called “millionaire tax” ballot initiative that voters approved in November of 2022, which established a 4% surtax on annual income above $1 million.
Healey said her proposal doesn’t rely on any new broad-based taxes and also wouldn’t require a withdrawal from the state’s rainy day fund.
Massachusetts Maura Healey General News MA State Wire RI State Wire Transportation Business Mass Transit U.S. News N Politics U.S. News
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