News & Press: Weekly Updates

LEGISLATURE PASSES FY26 BUDGET

Tuesday, July 1, 2025   (0 Comments)
Posted by: Elaine Egersheim

On Monday, June 30th, one day before the start of the July 1 fiscal year, the legislature voted to pass the FY26 budget. This budget came in at $61 billion, $3.3 billion higher than FY25’s budget, but nearly $1 billion lower than Gov. Healey’s FY26 spending plan she released in January.

 

Public Housing Operating Subsidy (line 7004-9005) is funded at $115,600,000, slightly higher than Governor Healey’s and the House’s proposed $115,500,000 and just under the Senate’s proposed $116,000,000. Resident Services Coordinators Program(line 7004-4314) is level funded at the FY25 amount of $6.5 million.

 

Additionally, MRVP (line 7004-9024), is funded at $253.3 million. This represents an increase of just over $34 million over FY25’s budget, and is the same amount proposed by Governor Healey and the Senate. Likewise, AHVP(line 7004-9030) is funded at just under $19.5 million, matching the number proposed by Governor Healey and the House and Senate.

 

The bill is on Governor Healey’s desk where she has ten days to sign or veto it.