Massachusetts House lawmakers began debate Wednesday on a proposed $57.9 billion state budget for the 2025 fiscal year that would include $500 million for the state’s emergency shelter system. Budget writers said the plan also includes a record $555 million investment for the Massachusetts Bay Transportation Authority.
BOSTON — Massachusetts House leaders began debate Wednesday on 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 has 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. The proposed investment relies in part on funds generated by the so-called “millionaire tax” ballot initiative that voters approved in November 2022, which established a 4% surtax on annual income above $1 million, according to Mariano.North Carolina legislature reconvenes to address budget, vouchers as big elections approachBudget writers said they were able to create a balanced spending plan without dipping into the state’s rainy day fund.
Healey said her proposal doesn’t rely on any new broad-based taxes and wouldn’t require a withdrawal from the state’s rainy day fund.
Massachusetts Maura Healey General News MA State Wire P N Politics U.S. News Massachusetts State Government U.S. News
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