House Adopts Legislation Expanding Retirement Savings Options

State Representative Ann-Margaret Ferrante (D-Gloucester) announced today that the Massachusetts House of Representatives has adopted two pieces of legislation she filed to expand retirement savings options for nonprofit and public service workers.  Working in collaboration with Treasurer Deborah Goldberg throughout the past several legislative sessions, Ferrante has filed An Act expanding access to retirement savings…

House of Representatives Passes FY26 Budget

Today, the Massachusetts House of Representatives passed its Fiscal Year 2026 (FY26) budget. Funded at $61.47 billion, nearly $500 million below Governor Maura Healey’s budget proposal, the House’s FY26 budget responds to the needs of residents, provides strong support for the Commonwealth’s cities and towns, and among many critical investments, includes significant funding for education,…

New Budget, New Opportunities

I was pleased as the House Vice Chair of the Ways and Means Committee to work along with House Ways and Means Chair Aaron Michlewitz, Speaker Ron Mariano, Speaker Pro Tempore Kate Hogan, and my colleagues in the House of Representatives to finalize the $58 billion Massachusetts state budget for the 2025 fiscal year. At…

Massachusetts House Passes FY25 Budget

Today, the Massachusetts House of Representatives passed its Fiscal Year 2025 (FY25) budget. Funded at $58 billion, $62 million below Governor Maura Healey’s budget proposal, the House’s FY25 budget responds to the needs of residents, provides strong support for the Commonwealth’s cities and towns, and among many critical investments, includes significant funding for education, transportation,…

State Budget Comes to Cape Ann

Last week, the House Committee on Ways and Means, of which I am the vice chair, released its budget proposal for the 2025 fiscal year. This bill is the culmination of a months-long process for the committee, which includes a number of hearings held around the state on the governor’s budget proposal. On March 8th,…

Ferrante, Tarr deliver $875,000 in funding for Cape Ann initiatives in FY 2024 budget

Representative Ann-Margaret Ferrante (D-Gloucester) and Senate Minority Leader Bruce Tarr (R-Gloucester) have secured $875,000 in state funding earmarks for twelve local initiatives in the Towns of Essex, Rockport, and Manchester-by-the Sea, and the City of Gloucester as part of the Fiscal Year 2024 state budget that was enacted by the House and Senate on July…

Legislature Passes Fiscal Year 2024 Budget

Today, the Legislature enacted a $56.2 billion budget for Fiscal Year 2024 (FY24), reconciling differences between the versions of the budget passed by the House of Representatives and Senate and earlier this year. The FY24 conference committee report provides for historic levels of investment in education, housing, regional transportation, health care, workforce development, and more,…