Historical Massachusetts budget and finance information

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The historical Massachusetts budget and finance information below applies to years prior to the most current fiscal year. With the exception of the tab labeled "Prior fiscal year budgets," the tabs below display information, from several different fiscal years, as it was presented on Ballotpedia in prior calendar years. For more current information regarding Massachusetts' budget and finances, click here.

As published 2015

State finances in the U.S.
State tax policy in the U.S.
Pension Policy
State finances on the ballot Taxes on the ballot Glossary of state budget terms Public pensions

The information on this tab contains: Spending (fiscal years 2013 and 2014) Revenues (fiscal year 2013) State debt (fiscal year 2012) Federal aid to the state budget (fiscal year 2012) Budget process

Between fiscal years 2013 and 2014, total government spending in Massachusetts increased by approximately $1.1 billion, from $55.8 billion in fiscal year 2013 to an estimated $56.9 billion in 2014. This represents a 2 percent increase. The cumulative rate of inflation during the same period was 1.58 percent, calculated using the Consumer Price Indices for January 2013 and January 2014. As of 2014, financial services firm Standard and Poor's had assigned Massachusetts a credit rating of AA+.

HIGHLIGHTS

Total state debt in Massachusetts amounted to $129.6 billion in 2014.

This came to $19,493 per capita, the 12th highest figure in the nation.

Spending

Definitions

The following terms are used to describe a state's finances:

• Revenues come mainly from tax collections, licensing fees, federal aid, and returns on investments.
• Expenditures generally include spending on government salaries, infrastructure, education, public pensions, public assistance, corrections, Medicaid, and transportation.
• State debt refers to the money borrowed to make up for a deficit when revenues do not cover spending.
• The state credit rating is the grade given by a credit rating agency based on the general financial health of the state's government and economy.
• State funds include general and other state-based funds. A general fund is "the predominant fund for financing a state's operations." Other state funds are "restricted by law for particular governmental functions or activities."
• Federal funds are "funds received directly from the federal government."
• Total spending is calculated by adding together the totals for state and federal funds used for expenditures.

2014 expenditures

See also: Total state expenditures

The table below breaks down estimated spending totals for fiscal year 2014 (comparable figures from surrounding states are included to provide additional context). Figures for all columns except "Population” and “Per capita spending" are rendered in millions of dollars (for example, $2,448 translates to $2,448,000,000). Figures in the columns labeled "Population” and “Per capita spending" have not been abbreviated.

Estimated per capita spending in Massachusetts in fiscal year 2014 was $8,433, a higher figure than in any neighboring state.

Total estimated state spending, FY 2014 ($ in millions)
State	State funds	Federal funds	Total spending	Population	Per capita spending
Massachusetts	$41,752	$15,135	$56,887	6,745,408	$8,433.44
Connecticut	$20,938	$5,501	$26,439	3,596,677	$7,350.95
Maine	$5,330	$2,696	$8,026	1,330,089	$6,034.18
New Hampshire	$3,375	$1,703	$5,078	1,326,813	$3,827.22
Rhode Island	$5,259	$2,543	$7,802	1,055,173	$7,394.05
Per-capita figures are calculated by taking the state's total spending and dividing by the number of state residents according to United States Census Bureau estimates. Source: National Association of State Budget Officers

Spending by function

See also: State spending by function as a percent of total expenditures

Breakdown of spending by function in FY 2013
Source: National Association of State Budget Officers

State spending in Massachusetts can be further broken down by function (elementary and secondary education, public assistance, etc.). Fiscal year 2013 information is included in the table below (information from neighboring states is provided for additional context). Figures are rendered as percentages, indicating the share of the total budget spent per category.

In Massachusetts in fiscal year 2013, Medicaid accounted for 18.7 percent of total state spending, a smaller share than in any neighboring state.

State spending by function as a percent of total expenditures, FY 2013
State	K-12 education	Higher education	Public assistance	Medicaid	Corrections	Trans- portation	Other
Massachusetts	11.2%	10.1%	2.7%	18.7%	2.3%	6.6%	48.5%
Connecticut	14.1%	10.6%	1.4%	21.8%	2.3%	9.7%	40.2%
Maine	16.9%	3.6%	2.3%	32.7%	1.8%	8.2%	34.6%
New Hampshire	23.4%	2.2%	1.7%	25.6%	2.%	10.%	35.%
Rhode Island	14.9%	13.%	1.4%	24.8%	2.6%	6.3%	37.%
Source: National Association of State Budget Officers Note: "Other" expenditures include "Children's Health Insurance Program (CHIP), institutional and community care for the mentally ill and developmentally disabled, public health programs, employer contributions to pensions and health benefits, economic development, environmental projects, state police, parks and recreation, housing and general aid to local governments."

Spending trends

Between 2009 and 2012, the share of the Massachusetts state budget spent on K-12 education decreased from 13 percent to 11.2 percent. See the table below for further details (figures are rendered as percentages, indicating the share of the total budget spent per category).

Spending by function from 2009 to 2013 (as percentages)
Year	K-12 education	Higher education	Public assistance	Medicaid	Corrections	Transportation	Other
2013	11.2%	10.1%	2.7%	18.7%	2.3%	6.6%	48.5%
2012	10.7%	9.3%	2.5%	20.7%	2.1%	6.2%	48.6%
2011	11.6%	9.9%	2.4%	19.2%	2.3%	6.2%	48.3%
2010	12.9%	7.9%	2.5%	18.8%	2.5%	6.9%	48.6%
2009	13.0%	9.3%	3.1%	17.7%	2.6%	5.4%	49.0%
Source: National Association of State Budget Officers Note: "Other" expenditures include "Children's Health Insurance Program (CHIP), institutional and community care for the mentally ill and developmentally disabled, public health programs, employer contributions to pensions and health benefits, economic development, environmental projects, state police, parks and recreation, housing and general aid to local governments."

Revenues

2013 revenues

See also: State government tax collections by source

The table below breaks down state government tax collections by source in 2013 (comparable figures from surrounding states are also provided to give additional context). Figures for all columns except "Population" and "Per capita revenue" are rendered in thousands of dollars (for example, $2,448 translates to $2,448,000). Figures in the columns labeled "Population" and "Per capita revenue" have not been abbreviated.

In Massachusetts in 2013, total state tax collections amounted to $23.9 billion. Per capita tax collections were $3,563.

State tax collections by source ($ in thousands)
State	Property taxes	Sales and gross receipts	Licenses	Individual income taxes	Corporation net income taxes	Other taxes	Total	2013 population	Per capita collections
Massachusetts	$4,795	$7,455,326	$945,922	$12,876,192	$1,888,449	$730,363	$23,901,047	6,708,874	$3,562.6
Connecticut	N/A	$6,746,968	$453,112	$7,811,949	$572,628	$551,859	$16,136,516	3,599,341	$4,483.19
Maine	$38,636	$1,779,873	$260,918	$1,531,504	$171,987	$101,532	$3,884,450	1,328,702	$2,923.49
New Hampshire	$400,369	$945,290	$272,852	$99,027	$553,197	$99,368	$2,370,103	1,322,616	$1,791.98
Rhode Island	$2,331	$1,516,423	$138,518	$1,088,992	$144,310	$49,859	$2,940,433	1,053,354	$2,791.5
Source: Tax Policy Center, "State Tax Collection Sources 2000-2013," June 20, 2014

Massachusetts tax collections by source in 2013
Source: Tax Policy Center

The table below lists 2013 tax collections by source as percentages of total collections. In Massachusetts, sales taxes and gross receipts accounted for 31.2 percent of total state tax collections, a smaller share than in any neighboring state..

State tax collections by source (as percentages)
State	Property taxes	Sales and gross receipts	Licenses	Individual income taxes	Corporation net income taxes	Other taxes
Massachusetts	.02%	31.19%	3.96%	53.87%	7.9%	3.06%
Connecticut	N/A	41.81%	2.81%	48.41%	3.55%	3.42%
Maine	.99%	45.82%	6.72%	39.43%	4.43%	2.61%
New Hampshire	16.89%	39.88%	11.51%	4.18%	23.34%	4.19%
Rhode Island	.08%	51.57%	4.71%	37.04%	4.91%	1.7%
Source: Tax Policy Center, "State Tax Collection Sources 2000-2013," June 20, 2014

State debt

See also: State debt

According to a January 2014 report by the nonprofit organization State Budget Solutions, Massachusetts had a state debt of approximately $129.6 billion. Its state debt per capita was $19,493. In this report for fiscal year 2012, state debt was calculated based on four components: "market-valued unfunded public pension liabilities, outstanding government debt, unfunded other post employment benefit (OPEB) liabilities, and outstanding unemployment trust fund loans." The report revealed that altogether state governments faced a combined $5.1 trillion in debt, which amounted to $16,178 per capita in the nation.

Total 2012 state debt
State	Total state debt	State debt per capita	Per capita debt ranking
Massachusetts	$129,550,263,000	$19,493	12
Connecticut	$112,372,072,000	$31,298	3
Maine	$16,717,250,000	$12,577	35
New Hampshire	$18,425,567,000	$13,951	27
Rhode Island	$18,863,153,000	$17,960	16
Sources: State Budget Solutions, "State Budget Solutions' Fourth Annual State Debt Report," January 8, 2014

Public pensions

See also: Massachusetts public pensions and Massachusetts public employee salaries

Between fiscal years 2008 and 2012, the funded ratio of Massachusetts' state-administered pension plans decreased from 80.49 percent to 66.4 percent. The state paid 87 percent of its annual required contribution, and for fiscal year 2012 the pension system's unfunded accrued liability totaled $21.6 billion. This amounted to $3,338 in unfunded liabilities per capita.

Credit ratings

See also: State credit ratings

Credit rating agencies, such as Standard and Poor's, assign grades to states that take into account a state's ability to pay debts and the general health of the state's economy. Generally speaking, a higher credit rating indicates lower interest costs on the general obligation bonds states sometimes sell to investors in order to finance large-scale undertakings (e.g., road construction and other public works projects). This in turn results in lower interest costs, thereby lowering the cost to taxpayers.

The table below lists the Standard and Poor's credit ratings for Massachusetts and surrounding states from 2004 to 2014. Standard and Poor's grades range from AAA, the highest available, to BBB, the lowest.

State credit ratings, 2004 to 2014
State	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Massachusetts	AA+	AA+	AA+	AA	AA	AA	AA	AA	AA	AA	AA-
Connecticut	AA	AA	AA	AA	AA	AA	AA	AA	AA	AA	AA
Maine	AA	AA	AA	AA	AA	AA	AA	AA	AA-	AA-	AA
New Hampshire	AA	AA	AA	AA	AA	AA	AA	AA	AA	AA	AA
Rhode Island	AA	AA	AA	AA	AA	AA	AA	AA	AA	AA	AA-
Source: Stateline: The Daily News Service of The Pew Charitable Trusts, "Infographic: S&P State Credit Ratings, 2001-2014," June 9, 2014

Federal aid to the state budget

See also: Federal aid to state budgets

State governments receive aid from the federal government to fund a variety of joint programs, such as Medicaid. Federal aid varies considerably from state to state. For example, Mississippi received approximately $7.7 billion in federal aid in 2012, which accounted for more than 45 percent of the state's general revenues. By contrast, Alaska received roughly $2.9 billion in federal aid in 2012, just under 20 percent of the state's general revenues.

The table below notes what share of Massachusetts’ general revenues came from the federal government in 2012. That year, Massachusetts received approximately $12.9 billion in federal aid, 28.8 percent of the state's total general revenues. Figures from surrounding states are provided for additional context.

Federal aid to state budgets, 2012
State	Total federal aid ($ in thousands)	Federal aid as a % of general revenue	Ranking
Massachusetts	$12,920,153	28.8%	36
Connecticut	$5,781,844	23.59%	47
Maine	$2,883,526	36.15%	12
New Hampshire	$1,693,289	29.02%	34
Rhode Island	$2,310,656	33.76%	23
Source: United States Census Bureau, "State Government Finances: 2012," accessed February 24, 2014

Stimulus

As of 2013, Massachusetts had received over $7 billion in federal stimulus funding.

Budget process

The state operates on an annual budget cycle. The sequence of key events in the budget process is as follows:

1. Budget instructions are sent to state agencies in mid-November of the year preceding the start of the new fiscal year.
2. The governor submits his or her proposed budget to the state legislature on the fourth Wednesday in January.
3. The legislature typically adopts a budget in June. A simple majority is required to pass a budget. The fiscal year begins July 1.

Massachusetts is one of 44 states in which the governor has line item veto authority.

The governor is legally required to submit a balanced budget proposal. Likewise, the legislature is legally required to pass a balanced budget.

Agencies, offices, and committees

The following standing committees in the Massachusetts State Legislature deal with budget and finance matters:

1. Revenue Joint Committee, Massachusetts State Legislature
2. Ways and Means Committee, Massachusetts House of Representatives
3. Ways and Means Committee, Massachusetts State Senate

Studies and reports

U.S. PIRG "Following the Money" report

See also: "Following the Money" report, 2014

The U.S. Public Interest Research Group, a consumer-focused nonprofit organization based in Washington, D.C., released its annual report on state transparency websites in April 2014. The report, entitled "Following the Money," measured the transparency and accountability of state websites with regard to state government spending. According to the report, Massachusetts received a grade of A- and a numerical score of 90.5, indicating that Massachusetts was leading in terms of transparency regarding state spending.

As published 2014

Between fiscal year 2009 and fiscal year 2013, Massachusetts' total expenditures increased by approximately $11.656 billion, from $48.642 billion in 2009 to $60.298 billion in 2013. This represented a 23.96 percent increase, outpacing the cumulative rate of inflation during the same period (9.06 percent, calculated using the Consumer Price Indices for January 2009 and January 2013).

Spending

Definitions

Although each state executes its budget process differently, the National Association of State Budget Officers (NASBO) breaks down state expenditures into four general categories. This allows for comparisons among the 50 states. NASBO's categories are as follows:

• General fund: "The predominant fund for financing a state’s operations. Revenues are received from broad-based state taxes. However, there are differences in how specific functions are financed from state to state."
• Other funds: "Expenditures from revenue sources that are restricted by law for particular governmental functions or activities. For example, a gasoline tax dedicated to a highway trust fund would appear in the 'Other funds' column. For Medicaid, other state funds include provider taxes, fees, donations, assessments, and local funds."
• Federal funds: "Funds received directly from the federal government."
• Bonds: "Expenditures from the sale of bonds, generally for capital projects."

2013

Breakdown of expenditures in FY 2013
Source: National Association of State Budget Officers

The table below breaks down expenditures for fiscal year 2013 (comparable figures from surrounding states are provided to give additional context). Figures for all columns except "Per capita expenditures" are rendered in millions of dollars (for example, $2,448 translates to $2,448,000,000). Figures in the column labeled "Per capita expenditures" have not been abbreviated.

Total state expenditures, FY 2013 ($ in millions)
State	General fund	Federal funds	Other funds	Bonds	Total	Per capita expenditures
Massachusetts	$25,509	$15,548	$17,135	$2,106	$60,298	$9,009.35
Connecticut	$19,030	$2,555	$3,618	$2,935	$28,138	$7,824.63
Maine	$3,042	$2,564	$2,176	$16	$7,798	$5,870.65
New Hampshire	$1,262	$1,601	$2,080	$81	$5,024	$3,796.11
Rhode Island	$3,268	$2,659	$2,122	$84	$8,133	$7,734.58
Per-capita figures are calculated by taking the state's total expenditures and dividing by the number of state residents according to United States Census estimates. Source: National Association of State Budget Officers

Spending by function

2012

Breakdown of expenditures by function in FY 2012
Source: National Association of State Budget Officers

State expenditures in Massachusetts can be further broken down by function (elementary and secondary education, public assistance, etc.). Fiscal year 2012 data is included in the table below (information from neighboring states is provided for additional context). Figures are rendered as percentages, indicating the share of the total budget spent per category.

Expenditures by function, FY 2012 (as percentages)
State	Elementary and secondary ed.	Higher ed.	Public assistance	Medicaid	Corrections	Transportation	Other
Massachusetts	10.7%	9.3%	2.5%	20.7%	2.1%	6.2%	48.6%
Connecticut	13.9%	10.3%	1.4%	21.4%	2.5%	10.0%	40.6%
Maine	13.1%	3.4%	2.6%	28.8%	1.7%	8.6%	41.8%
New Hampshire	23.5%	2.7%	1.9%	23.9%	2.1%	10.1%	35.9%
Rhode Island	14.2%	13.2%	1.4%	25.0%	2.4%	6.5%	37.4%
Source: National Association of State Budget Officers Note: "Other" expenditures include "Children's Health Insurance Program (CHIP), institutional and community care for the mentally ill and developmentally disabled, public health programs, employer contributions to pensions and health benefits, economic development, environmental projects, state police, parks and recreation, housing and general aid to local governments."

Spending trends

From 2008 to 2012, elementary and secondary education spending fell by 3.20 percentage points, or 23 percent, as a share of the budget. During the same period, Medicaid spending rose by two percentage points, or 10.7 percent, as a share of the budget. The table below details changes in expenditures from 2008 to 2012. Figures are rendered as percentages, indicating the share of the total budget spent per category.

Expenditures from 2008 to 2012 (as percentages)
Year	Elementary and secondary ed.	Higher ed.	Public assistance	Medicaid	Corrections	Transportation	Other
2012	10.7%	9.3%	2.5%	20.7%	2.1%	6.2%	48.6%
2011	11.6%	9.9%	2.4%	19.2%	2.3%	6.2%	48.3%
2010	12.9%	7.9%	2.5%	18.8%	2.5%	6.9%	48.6%
2009	13.0%	9.3%	3.1%	17.7%	2.6%	5.4%	49.0%
2008	13.9%	9.7%	3.1%	18.7%	2.8%	5.6%	46.2%
Change in %	-3.20%	-0.40%	-0.60%	2.00%	-0.70%	0.60%	2.40%
Source: National Association of State Budget Officers Note: "Other" expenditures include "Children's Health Insurance Program (CHIP), institutional and community care for the mentally ill and developmentally disabled, public health programs, employer contributions to pensions and health benefits, economic development, environmental projects, state police, parks and recreation, housing and general aid to local governments."

Revenues

Breakdown of general fund revenue sources in FY 2013
Source: National Association of State Budget Officers

The table below breaks down general fund revenues by source in fiscal year 2013 (comparable figures from surrounding states are also provided to give additional context). Figures for all columns except "Per capita revenue" are rendered in millions of dollars (for example, $2,448 translates to $2,448,000,000). Figures in the column labeled "Per capita revenue" have not been abbreviated.

Revenue sources in the general fund, FY 2013 ($ in millions)
State	Sales tax	Personal income tax	Corporate income tax	Gaming tax	Other taxes and fees	Total	Per capita revenue
Massachusetts	$5,164	$12,831	$1,822	$0	$7,352	$27,169	$4,059.42
Connecticut	$3,857	$8,719	$742	$612	$5,437	$19,366	$5,385.31
Maine	$1,034	$1,495	$171	$0	$351	$3,051	$2,296.92
New Hampshire	$0	$0	$552	$3	$1,728	$2,283	$1,725.03
Rhode Island	$873	$1,075	$137	$1	$1,238	$3,324	$3,161.17
Per-capita figures are calculated by taking the state's total revenues and dividing by the number of state residents according to United States Census estimates for 2013. Source: National Association of State Budget Officers

Revenue trends

The table below details the change in revenue sources in the general fund from 2009 to 2013. Figures for all columns except "Per capita revenue" are rendered in millions of dollars (for example, $2,448 translates to $2,448,000,000). Figures in the column labeled "Per capita revenue" have not been abbreviated.

Revenue sources in the general fund, Massachusetts ($ in millions)
Year	Sales tax	Personal income tax	Corporate income tax	Gaming tax	Other taxes and fees	Total	Per capita revenue
2013	$5,164	$12,831	$1,822	$0	$7,352	$27,169	$4,059.42
2012	$5,059	$11,911	$1,771	$0	$7,304	$26,046	$3,919.46
2011	$4,905	$11,576	$1,951	$0	$6,765	$25,197	$3,814.10
2010	$4,612	$10,110	$1,600	$0	$2,222	$18,544	$2,825.42
2009	$3,869	$10,584	$1,549	$0	$2,259	$18,259	$2,769.21
Change in %	33.47%	21.23%	17.62%	0.00%	225.45%	48.80%	46.59%
Per-capita figures are calculated by taking the state's total revenues and dividing by the number of state residents according to United States Census estimates. Source: National Association of State Budget Officers

Historical spending

The information on state budget historical spending below was compiled by the National Association of State Budget Officers. Figures reflect the reported "Total Expenditures" in Table 1. Figures for all columns are rendered in millions of dollars (for example, $2,448 translates to $2,448,000,000).

Historical state spending in Massachusetts ($ in millions)
Fiscal year	General Fund		Other funds		Federal funds		Bonds		Budget totals
	Total	% of Budget	Total	% of Budget	Total	% of Budget	Total	% of Budget
2011-2012	$24,011	41%	$16,935	29%	$16,157	27%	$2,168	4%	$59,271
2010-2011	$21,997	40%	$18,570	33%	$13,088	24%	$1,919	3%	$55,574
2009-2010	$21,874	43%	$15,088	29%	$12,481	24%	$1,835	4%	$51,278
Averages:	$22,627	41%	$16,864	30%	$13,909	25%	$1,974	4%	$55,374

Budget transparency

Transparency evaluation
	Informed Massachusetts
Searchability	Y
Grants	N
Contracts	Y
Line item expenditures	N
Dept./agency budgets	Y
Public employee salaries	Y
Last evaluated in 2012.

See also: Evaluation of Massachusetts state website and Constitutional provisions regarding reading of bills

The state maintains an official transparency website called Informed Massachusetts. The table to the right is helpful in evaluating the level of transparency provided by the site.

The Massachusetts Budget and Policy Center, which "provides independent research and analysis of state budget and tax policies," tracks actual spending in real and nominal terms using a "Budget Browser."

Multi-measure budget transparency profile

The Institute of Government and Public Affairs at the University of Illinois created a multi-measure transparency profile for Massachusetts, which measured state transparency as of September 2011 using indicators from a range of organizations. These indicators measured both website transparency and other recognized facets of governmental transparency. In addition, IGPA presented four unique indicators of non-transparency based on the observation that transfers or reassignments between general and special funds can obscure the true fiscal condition of a state.

IGPA devised a budget transparency index based on information available from the National Association of State Budget Officers. Massachusetts tied for 20th in the nation with 12 other states, earning five out of eight possible points.

Massachusetts - IGPA score for budget process, contents and disclosure
Budget transparency indicator	Yes or no?
Performance measures
"Generally Accepted Accounting Principles" budget	N
Multi-year forecasting
Annual cycle	Y
Binding revenue forecast
Legislative revenue forecast
Nonpartisan staff	N
Constitution or statutory tax/spend limitations	N
TOTAL	5

In addition to the individual state profile, IGPA offers a 50-state comparison and profiles for other states.

Prior fiscal year budgets

Fiscal year 2016

See budget bill: HB 3650

Governor Charlie Baker announced his fiscal year 2016 budget proposal on March 4, 2015. This proposal would have increased total spending by about 3 percent by raising funding for local aid, education and transportation. The proposed budget would have also eliminated the state's tax credit for the film industry and expanded the state's earned income tax credit. The plan would have also offered an early retirement incentive program to enhance job growth and prevent forced layoffs.

Governor Baker signed the state's fiscal year 2016 budget into law on July 17, 2015 after making about $162 million in line-item vetoes. The governor stated that this budget was similar to his proposal and addressed a $1.8 billion spending gap without any new taxes. The budget also made investments in local aid, education and transportation, as the governor had proposed in his budget.

Fiscal year 2015

See budget bill: HB 4001

Governor Deval Patrick announced his fiscal year 2015 budget proposal on January 22, 2014. Under the governor's proposal, total state spending for fiscal year 2015 would have equaled approximately $36.4 billion.

On July 11, 2014, Patrick signed into law the fiscal year 2015 budget. The enacted budget totaled $36.5 billion. The budget included several education initiatives, including an additional $100 million for local education, an additional $24 million for early education and funding to allow state colleges to freeze tuition.

Fiscal year 2014

See budget bill: Chapter 38, Acts of 2013

Massachusetts state budget -- 2014
Massachusetts State Legislature
Text:	Chapter 38, Acts of 2013
Legislative history
Introduced:	January 24, 2013
House:	April 24, 2013
Vote (lower house):	127-29
Senate:	May 23, 2013
Vote (upper house):	36-3
Conference:	July 1, 2013
Conference vote (upper house):	36-3
Conference vote (lower house):	124-29
Governor:	Deval Patrick
Signed:	July 12, 2013
Vetoed:	July 12, 2013 (items vetoed; items passed over veto on July 30, 2013)

On July 12, 2013, Governor Deval Patrick signed the fiscal year 2014 budget into law. The budget as enacted boasted significant funding increases for education and related programs, including an additional $130 million for Chapter 70 school aid and an additional $15 million for early education programs. The budget also included $97 million for public universities and colleges, which, according to Patrick, would result in "no tuition and fee increases in the coming year." In order to balance the budget, Patrick authorized a $350 million withdrawal from the state's Stabilization Fund.

Patrick vetoed approximately $240 million in transportation funding and $177 million in aid to local governments. Patrick argued that he could not support these items until the state legislature completed work on a separate transportation finance bill.

Fiscal year 2013

See also: Massachusetts state budget (2012-2013)

Fiscal year 2012

See also: Massachusetts state budget (2011-2012)

Fiscal year 2011

See also: Massachusetts state budget (2010-2011)

Fiscal year 2010

See also: Massachusetts state budget (2009-2010)

See also

• Massachusetts state budget and finances