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Healey budget links fair-share surtax to $8 billion transportation, $2.5 billion higher-education investments
Summary
Governor Maura Healey and administration officials told the Joint Committee on Ways and Means that the FY 2026 House 1 budget uses fair-share surtax revenue to leverage long-term borrowing to fund $8 billion in transportation and roughly $2.5 billion for higher-education capital improvements over 10 years.
Governor Maura Healey and administration budget officials told a joint House–Senate Ways and Means hearing on March 5 that the proposed FY 2026 House 1 plan uses excess fair-share surtax revenue to unlock borrowing capacity for large, multiyear capital programs in transportation and public higher education.
The governor opened the hearing by framing the budget as fiscally prudent and focused on lowering the cost of living and upgrading infrastructure. “We propose using a portion of the fair share revenue to leverage capital, to access more capital like any good business will try to do,” Healey said, saying the approach would support “more than $8,000,000,000 over the next 10 years for transportation infrastructure statewide” and “$2,500,000,000 in our 29 public higher ed institutions.”
Budget director Matt Gorkowitz (appearing with the governor)…
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