The Fair Share Amendment, passed by voters in November 2022, creates a 4 percent tax on the portion of a person’s annual income above $1 million and dedicate the funds raised to public education and transportation.

Only people who earn more than $1 million annually pay this additional income tax; 99 percent of us don’t pay a penny more. And we all benefit from better schools, colleges and universities, roads, bridges and public transportation.

Learn more about the Fair Share Amendment

How are Fair Share revenues being spent?

The state Legislature has designated $538.5 million for transportation and $761.5 million for public education in the state budget for the 2025 fiscal year, which begins on July 1, 2024, from tax revenues collected as a result of the Fair Share Amendment.

The Fair Share Amendment, passed by voters in November 2022, creates an additional tax of four percentage points on the portion of a person’s annual income above $1 million. The new revenue is designated for public schools and colleges and transportation.

Download FY25 Fair Share Budget Update FY24 Budget Numbers

Roads and Bridges=$45 million

Construction and reconstruction of municipal roads and bridges=$45 million.

Public Transportation=$243.5 million

MBTA infrastructure and operations=$126 million. This includes:

• $60 million for MBTA infrastructure improvements;
• $20 million to implement a low-income reduced MBTA fare program;
• $36 million for workforce and safety improvements; and
• $10 million for an MBTA Academy program to train a skilled workforce.

Improvements at regional transit authorities=$110 million. This includes:

• $66 million for expanded service hours, weekend services and route expansions;
• $30 million for fare-free regional transit service;
• $10 million for new bus routes that connect RTAs and the MBTA; and
• $4 million to support expanded mobility options for older adults, peoplewith disabilities and low-income individuals.

Improved and expanded ferry services=$7.5 million.

Transportation Infrastructure=$250 million

Dedicated funding to finance bonds to support capital transportation infrastructure investments at MassDOT, the MBTA and RTAs=$250 million.

K-12 Public Schools=$244.5 million

Reimbursement of school districts for the costs of providing universal free school meals=$170 million.

Providing an additional $74 per pupil in minimum aid funding to local schools, for a total of $104 per pupil=$37 million.

Early literacy program for students in pre-kindergarten through grade 3=$20 million.

Projects to install or maintain clean energy infrastructure in K-12 public schools=$10 million.

Development of a statewide birth through higher education framework for mental and behavioral health=$5 million.

Expansion of early college, workforce, technical and innovation pathway programs=$2.5 million.

Public Colleges and Universities=$239 million

Financial aid for Massachusetts public college students=$90 million. This includes:

• $80 million for the state's MassGrant Plus financial aid program.
• $10 million for students pursuing an in-demand profession.

Tuition-free community college=$117.5 million. This includes:

• $93.5 million for tuition-free community college for all students beginning in fall 2024, including $1,200 stipends for books/supplies for working-class students ($2,400 for Pell-eligible students.)
• $24 million for the MassReconnect program that provides tuition-free community college for students ages 25+.

Wraparound supports and services for public college students=$16.5 million.

Endowment match program for public colleges and universities=$15 million.

Early Education and Care=$278 million

Operational grants to child care providers=$175 million.

Increased reimbursement rates for providers who enroll children receiving child care financial assistance=$65 million.

Expanded eligibility for child care financial assistance to reduce the waitlist for income-eligible early education and care programs=$33 million.

Expansion of pre-kindergarten or preschool opportunities=$5 million.