Governor Baker Releases FY2019 Capital Budget

On May 21, Governor Baker released his FY2019 Capital Budget. The budget includes investments in affordable housing, community development, and early education programs. The total $2.34 billion capital budget represents a 3.5% increase to the bond cap over FY2018.

For a table with an overview of the FY2019 capital budget for affordable housing, community development, and early education programs, click here.

The capital plan includes:

• $85 million to support maintenance and improvements at local housing authorities
• $35 million for the Affordable Housing Trust Fund
• $5 million for Housing Choice, a new initiative that funds capital grants to cities and towns that meet certain housing production goals and have adopted best practices that will help meet the Commonwealth's housing needs
• $2.5 million to help cities and towns redevelop brownfields sites
• $80 million for MassWorks grants, which fund critical local infrastructure improvements
• $4 million to support early education and out of school time programs serving low-income children, to expand access and improve the quality of the spaces

To view the entire FY2019 capital budget, click here.