Executive Summary

Executive Summary A Note from the Administration and Finance Secretary

Since our administration took office two years ago, we have balanced our goals of making ambitious investments in Massachusetts with our commitment to fiscal responsibility. Governor Healey has filed and signed historic legislation making housing more affordable, driving economic development, unlocking federal funds to support our state and municipalities, and delivering tax cuts to put money back in the pockets of Massachusetts families.

Today, we are filing a balanced and responsible Fiscal Year 2026 (FY26) budget recommendation that advances the administration’s goals, maintains critical programs and services, and supports Massachusetts’s long-term financial stability. Two years after voters approved the Fair Share surtax, this budget continues to show how we can responsibly and impactfully leverage this new revenue stream to make transformative investments in education and transportation.

I want to thank Governor Maura Healey and Lt. Governor Kim Driscoll and their team for their tremendous leadership in crafting a budget that reflects our shared values and prioritizes long-term stability.

My colleagues in the Cabinet and their teams have been essential partners as we put our administration’s agenda into action through this budget recommendation.

My team and I are grateful for the ideas and input we received from advocates, legislators, and stakeholders across Massachusetts, and we sought to incorporate that feedback into this spending plan.

This budget would not exist without the tireless hard work and creativity of my team at the Executive Office for Administration and Finance. Thank you!

Finally, I want to express my gratitude to Chair Aaron Michlewitz, Chair Michael Rodrigues, and their respective staffs. Their partnership and shared commitment to the people of Massachusetts is critical to our success, and I look forward to ongoing collaboration as we move forward through the FY26 budget process.

Sincerely,

Matthew J. Gorzkowicz

Secretary