David Pottier, Chief Financial Officer
MassDOT Investor Relations
MassDOT Investor Relations
Learn about MassDOT Investor Relations including our News & Press Releases, Projects, and Team.
Have questions? Reach out to us directly.
Learn about MassDOT Investor Relations including our News & Press Releases, Projects, and Team.
At MassDOT, transportation is not about roads and bridges, or trains and buses – it is about people. Our mission begins with customers - individuals, businesses, cities and towns, and regional transit agencies. We support programs and projects that deliver a high return on investment. We partner with cities and towns, public agencies, and private sector businesses. MassDOT supports the economic, quality of life, and environmental goals of the Commonwealth.
Boston — Today, at the Massachusetts Municipal Association's Connect 351 conference, Governor Maura Healey announced that she is filing legislation to reform the Chapter 90 roadways program to substantially increase funding for municipal roads and bridges. The Governor also announced that next week, she will file the Municipal Empowerment Act 2.0, which proposes to give municipalities more tools and flexibility to deliver high-quality services for their residents.
“We know that municipalities rely on the Chapter 90 program to fund critical improvements to their roads and bridges,” said Governor Maura Healey. “Under our bill, and with this new, mileage-based formula, every single city and town – including our small towns and rural communities – will see a significant increase in Chapter 90 funding. This means that local officials can put these dollars to work easing congestion, strengthening resilience, and improving safety and quality of life for all of their residents.”
“As a former Mayor, I know first-hand the challenges that municipal leaders face as they work hard to make our communities stronger,” said Lieutenant Governor Kim Driscoll. “We’re grateful for all of the input we received from local leaders on our Chapter 90 advisory group, and we’re proud to be proposing this historic infusion of resources for the Chapter 90 program.”
The Chapter 90 bond bill the administration is filing today authorizes the state to borrow $1.5 billion over the next five years to improve local transportation networks. Working in tandem with the administration’s recently filed FY26 budget proposal (House 1), the bond bill proposes using voter-approved Fair Share surtax revenues to expand capital capacity, enabling $300 million in annual Chapter 90 funds, a 50 percent increase over the traditional $200 million.
"When cities and towns are equipped to support their local economies, ensure that services are dependable and roads are well-maintained, all of Massachusetts benefits," said Administration and Finance Secretary Matthew J. Gorzkowicz. “The increased Chapter 90 funding our administration is proposing reflects investments in the future of our state as a whole."
“The Healey-Driscoll administration is committed to stabilizing, enhancing, and transforming the transportation system in Massachusetts, and that means having an allegiance with city and town officials to give them the most resources possible to improve local infrastructure,” said Transportation Secretary and CEO Monica Tibbits-Nutt. “We are requesting an increase in annual support for municipal infrastructure by 50 percent through the Chapter 90 program to help make the state’s transportation system seamless so everyone can get around safer and easier whether people are traveling on foot, by bike, by public transportation, or by automobile.”
Since taking office, the Healey-Driscoll Administration has been committed to ensuring that every municipality, from Provincetown to Pittsfield, has the resources it needs to succeed. The administration’s House 1 proposal continues that commitment, with a recommended $9.205 billion in local aid, a $480 million or 6 percent increase over the FY25 budget, full funding of the fifth year of the Student Opportunity Act, and the proposal to leverage Fair Share to expand and reform Chapter 90. These legislative initiatives build on previous reforms to provide municipalities greater flexibility, such as passage of the most sweeping civil service system reforms in 50 years, which will enable local police and fire departments more options for recruiting key personnel.
The Chapter 90 program provides municipalities with annual funding for capital improvements on local public ways—improving pavement quality, building sidewalks, restoring bridges, and financing bike and pedestrian infrastructure. Under the program, Massachusetts municipalities are allocated a portion of total program dollars, which allows them to evaluate their unique transportation needs and goals and distribute funding dollars accordingly.
In addition to expanding capital capacity to grow Chapter 90 funding, the administration’s bill updates the program’s formula to ensure that every community in Massachusetts receives a significant increase in local road support, with enhanced support for small and rural communities. These proposals are informed by recommendations from the Chapter 90 Advisory Group, which is releasing its final report in tandem with the bill filing. Governor Healey and Lt. Governor Driscoll asked MassDOT and the Executive Office for Administration and Finance to convene the Advisory Group last year to assess challenges with program funding, distribution and the project approval process and propose solutions. The Advisory Group brought together municipal leaders and public works officials from across Massachusetts.
Learn more about the Chapter 90 bill here.
Statements of Support:
Adam Chapdelaine, Executive Director, Massachusetts Municipal Association:
“The MMA and cities and towns across the Commonwealth greatly appreciate the administration’s early filing of a five-year Chapter 90 bond bill, providing $300 million per year for the maintenance of local roads and bridges. The 50% increase in yearly funding would have a pivotal impact in promoting safety, economic development and the quality of life in all 351 cities and towns. The five-year authorization would also be extremely helpful in local planning efforts to leverage the most efficient use of this funding.”
Mayor Nicole LaChapelle of Easthampton:
“This additional funding to support our roads and bridges is vital to keeping our communities moving and helping our Main Street economies thrive.”
Mayor Michael J. Nicholson of Gardner:
“It is imperative that we invest in our roads and bridges, not just as an immediate fix, but as a long-term commitment to the future of our cities and towns. I want to thank the Healey Driscoll administration for investing in our communities to keep our infrastructure safe.”
Mayor Michael A. McCabe of Westfield:
“This increased funding ensures that every resident can travel safely and that businesses can operate efficiently. I am excited to see Governor Healey doubling our funds to help fix our roads.”
Fidel Maltez, Chelsea City Manager:
“From commuters to first responders, everyone relies on roads and bridges and I’m glad to see the Healey-Driscoll administration investing to help improve our infrastructure and our transportation networks”
Mark Forest, Vice President, CIMLA and Select Board Member Town of Yarmouth and Doug Brown, CIMLA President and Falmouth Select Board Member representing the Cape & Islands Municipal Association:
“Today, Governor Healey took steps to help deliver the necessary resources to help repair and rebuild our infrastructure across the Cape and Islands and respond to the devastating effects of climate change and help us better address flooding. We are profoundly grateful to the Governor and Lieutenant Governor Kim Driscoll for always being generous with their time and listening to the needs of the region.”
Veronique Blanchard, Town Administrator, Conway:
Conway is a tiny rural town of 1,761 nestled in the hills of western MA, with 64 road miles, 24 of which are gravel. Our chapter 90 fund allotments are essential to the health of our infrastructure. For the past couple of decades Conway’s allotment has remained flat, which in effect means it has gone down given inflation. Having our allotment increased by 50% and also basing the formula on road miles will have an immediate and profound impact on the condition and safety of our roads.
WORCESTER — Today, Governor Maura Healey announced a plan to make historic investments in the state’s roads, bridges and regional transportation system and immediately stabilize the finances of the MBTA, putting it on a path of long-term stability. The investments – representing $8 billion over the next 10 years – would be done without raising taxes and represent the largest state transportation investment in more than 20 years by maximizing Fair Share revenue and other existing resources.
The plan will be filed as legislation in the coming weeks as part of the Governor’s Fiscal Year 2026 (FY26) budget proposal and an accompanying supplemental budget. It puts into action many of the recommendations made by the Transportation Funding Task Force, which delivered its final report to the Governor outlining multiple steps for stabilizing and enhancing transportation while setting the stage for ongoing discussion about how best to finance transformative investments in transportation into the future.
“This historic transportation proposal represents smart, forward-thinking fiscal management, and it will have an impact on people in all regions of our state,” said Governor Healey. “We’re going to invest billions of dollars to deliver better roads, less traffic, safer bridges and a transit system that works in every region. We’ll close the MBTA’s budget gap, improving service and upgrading stations, and we’ll move forward on regional projects like West-East Rail. And we’ll do this all without raising taxes. I’m grateful for the insights of the Transportation Funding Task Force, which shaped this proposal, and for the strong leadership of Secretary Tibbits-Nutt and Gorzkowicz.”
“This plan will not only stabilize the finances of the MBTA but also dedicate new and critical resources to our Regional Transit Authorities and municipalities, accelerate our efforts to repair crumbling bridges, fix our culverts and advance important projects throughout the state,” said Lieutenant Governor Kim Driscoll. “Our administration knows the role a safe, reliable and efficient transportation system plays in the future of Massachusetts and this plan represents a gigantic step forward.”
The Healey-Driscoll Administration is maximizing existing Fair Share Funds through an innovative funding mechanism and strong fiscal management. The proposal would:
As part of this capital expansion, Governor Healey intends to file a multi-year Chapter 90 bill later this month that will grow the size of the funding pool directed to cities and towns to $300 million per year for five years, the highest amount in the history of funding for local roads and sidewalks. This additional $100 million annual investment represents a 50 percent increase to support the repair of municipal roads, bridges and infrastructure.
The combined impact of the Governor’s House 1 budget proposal for FY26 and the supplemental budget to spend surplus Fair Share revenue from FY24 will achieve a 50 percent-50 percent split between Fair Share resources dedicated to transportation and education since enacted of the voter-approved surtax. This was one of the key recommendations included in the Transportation Funding Task Force report.
Among the improvements that this funding will allow include:
“Governor Healey and Lt. Governor Driscoll have stressed that transportation systems must work if we want our communities to thrive, and the announcements today further the state's vision to improve infrastructure by recommending significant financing initiatives for the short and long-term,” said Massachusetts Transportation Secretary and CEO Monica Tibbits-Nutt. “With the Governor's plan, we are taking very actionable steps to increase the use of Fair Share revenue, offer municipalities more money through the Chapter 90 program, double support for the MBTA's operating budget, and expand microtransit services.”
“This plan builds upon the success we have already achieved by leveraging Fair Share dollars through the Commonwealth Transportation Fund to invest in FY25 in critical infrastructure and puts the work of the Transportation Funding Task Force into immediate action. By borrowing against Fair Share revenue, we have devised an innovative strategy that will allow us to not only continue to invest in key projects and infrastructure, but also solve the MBTA’s funding crisis not just for this year but years into the future,” said Secretary of Administration and Finance Matthew J. Gorzkowicz. “I’m grateful to Governor Healey, Lieutenant Governor Driscoll and members of the task force for their support and guidance as we crafted this proposal that will make historic investments in the foundation of our transportation infrastructure.”
“On behalf of the MBTA, I thank the Healey-Driscoll Administration for their visionary leadership and commitment to strengthening public transportation across Boston and the entire Commonwealth,” said General Manager and CEO Phillip Eng. “This solution-oriented approach is leading to a historic investment and will provide critical support to the MBTA, including our operating capacity, improving service, and ensuring a more sustainable, reliable transit system for all riders. As we move forward, I am committed to ensuring that we remain focused on the needs and expectations of the public we serve. We're going to make the best use of the public's dollars by building a more efficient and capable workforce, and delivering meaningful projects and services that improve the transit experience for everyone.”
After covering $100 million in debt service on new borrowing, the FY26 budget will propose to invest:
The surplus Fair Share supplemental budget to be filed by Governor Healey will propose to invest $857 million of the $1.3 billion surplus available for spending in transportation, including:
The multi-pronged financing plan leans on Fair Share, which has performed exceedingly well as a revenue source for Massachusetts. In FY24, the state collected $2.46 billion from the surtax, nearly $1.5 billion above what had been budgeted.
The financing plan also calls for using $170 million available from the administration’s pool of federal matching funds to retire the MBTA’s legacy debt ($89 million), freeing up operating capacity at the agency. These matching funds will also continue to support the administration’s strategy of aggressively pursuing federal funding, with matching dollars committed to the Green Line Central Tunnel project as well as local technical assistance and local project matches.
Lastly, the administration plans to use $1.2 billion in Grant Anticipation Notes (GANs) to borrow against future federal highway grants to finance priority Highway Division projects statewide.
The financing plan was heavily informed by the work of the Transportation Funding Task Force, which was created by Governor Healey through executive order last January. The Task Force spent the past year reviewing current and projected revenue sources, comparing those sources to benchmarks and trends in peer and neighboring states and exploring innovative financing approaches and alternative pricing mechanisms.
The Task Force developed a framework focused first on stabilizing the transportation system’s finances and addressing critical infrastructure repair needs. Additional recommendations looked at how to Enhance and Transform the system.
Some of the recommendations included:
Statements of Support:
Worcester City Manager Eric D. Batista
“Substantial investment in public transportation is critical for growing communities like Worcester. These funds will directly impact and enhance the life of residents who use the Commuter Rail to connect to Boston and beyond, ride the Worcester Regional Transportation Authority to conduct daily activities, and traverse our local roads to move around the city safely and efficiently. Thank you to the Healey-Driscoll Administration for recognizing the importance of this investment and the improvements it will make possible, both in Worcester and across the entire state.”
Kate Dineen, President & CEO, A Better City:
"The central recommendations put forward by the Transportation Funding Task Force are strategic, fiscally responsible, and actionable—and Governor Healey's budget proposal takes immediate action to implement many of these recommendations by directing historic levels of investment to stabilize our statewide transportation infrastructure. By prioritizing the equitable use of Fair Share surtax revenue and utilizing federal funding, the Governor's proposal reflects the Task Force's tactical approach to expeditiously direct billions of dollars in capital and operating funding to support the MBTA and RTAs, while also investing in critical roadway infrastructure in municipalities across the state. Thank you to Governor Healey and her team for convening this Task Force, for giving A Better City the opportunity to serve, and for confronting our transportation crisis head on. We look forward to working with the Healey-Driscoll Administration, Legislature, business community, and transportation advocates in the coming weeks and months to build a stronger, more competitive statewide transportation system and regional economy."
James E. Rooney, President & CEO of the Greater Boston Chamber of Commerce:
"The Chamber applauds the Healey-Driscoll's administration's historic $8 billion transportation investment that will advance success for workers, families, businesses, and our economy. Our residents, visitors, and companies need and deserve reliable transportation options that will drive business and job growth and improve the quality of life in the region. With the important work of the Transportation Funding Task Force and the strong commitment of Governor Healey and Lieutenant Governor Driscoll, we now have a bold vision for the future of transportation for the Commonwealth."
Doug Howgate, President, Massachusetts Taxpayers Foundation:
“Putting forward a clear and timely strategy to deploy surtax revenues is a major step forward in meeting our transportation needs and creating a sustainable financing plan for supporting them. Today’s announcement not only moves us toward transportation parity in the use of the surtax, the proposal to increase the dedication of these taxpayer dollars to the Commonwealth Transportation Fund is a smart way to maximize these resources in service of addressing long-term capital needs as well as delivering better service to riders and our region.”
Rebecca Davis, Chief Operating Officer, Massachusetts Competitive Partnership:
"The Massachusetts Competitive Partnership applauds the Healey-Driscoll Administration’s historic $8 billion transportation investment. A world-class transportation system is necessary for Massachusetts to remain competitive. As a member of the Governor's Transportation Funding Task Force, I’ve seen the critical need to stabilize, enhance, and transform our transportation infrastructure. This funding is vital to strengthening public transit, improving climate resilience, and driving economic growth, ensuring a strong and thriving future for Massachusetts and its residents."
Dr. Amie Shei, President and CEO, The Health Foundation of Central Massachusetts:
“These historic transportation investments announced by the Healey-Driscoll administration will strengthen the Commonwealth’s critical transportation infrastructure for years to come. Transportation is an important social determinant of health that impacts health and wellbeing, and its benefits extend far beyond transporting a rider from one destination to another. The inclusion of funding exclusively for microtransit demonstrates the administration’s commitment to regional equity, as residents in all regions, including rural regions, need flexible transportation options to access jobs, health care, social services, and education.”
Brian Kane, Executive Director, MBTA Advisory Board:
“The 178 cities and towns comprising the MBTA Advisory Board applaud the Healey/Driscoll Administration’s bold approach to stabilizing the MBTA’s finances. These actions will strengthen the Commonwealth’s competitiveness, and make Massachusetts stronger and more successful.”
Boston — The Healey-Driscoll Administration and Massachusetts Congressional Delegation are celebrating that Massachusetts has won more than $102 million for transportation infrastructure projects under federal funding programs from the U.S. Department of Transportation. The funding will benefit projects in communities across the state, including Longmeadow, Adams, North Adams, Williamstown, Pittsfield, Southbridge, Quincy, Boston, Somerville and Revere. Several grant awards have a statewide impact, including a $14.4 million grant from the Charging and Fueling Infrastructure (CFI) Program to deploy Electric Vehicle (EV) charging infrastructure at state-owned Park and Ride properties and Massachusetts Bay Transportation Authority (MBTA) station parking lots. Other awards include $17.3 million for the Ashuwillticook Trail in Berkshire County, which will fund planning and design of a nearly 10-mile pedestrian and cyclist path, and $2 million to reconnect neighborhoods at Boston’s Mattapan Square.
“Massachusetts continues to bring home major federal dollars to make our roads, bridges, paths and rails more safe, reliable and connected,” said Governor Maura Healey. “We’re so proud of MassDOT, the MBTA and municipalities across the state who put forward strong applications and won, often with the help of our team at the Office of Federal Funds and Infrastructure. I’m grateful to the Biden-Harris Administration for their continued investment in transportation infrastructure across Massachusetts, as well as to our amazing Congressional delegation for their partnership.”
“We’ve been working hard across our administration to prepare winning applications that will secure federal funding for our communities. We’re proud that our administration and several municipalities are receiving millions of dollars to make road safety improvements for all travelers, rebuild highway assets, repair public transportation hubs, and to increase safety around railroad grade crossings,” said Lieutenant Governor Kim Driscoll. “These grant awards help us build out our transportation network to make the statewide system safer and more accessible, underscoring that Massachusetts continues to position itself to be a leader in modernizing its travel network.”
“From Pittsfield and North Adams to Mattapan and Revere, it’s all aboard a transportation network that serves everyone in our Commonwealth,” said Senator Edward J. Markey. “With this latest round of historic awards from the Biden-Harris administration, Massachusetts continues to lead and deliver on securing federal funding for transportation projects that will make our communities safer, more accessible, better connected, and sustainable for decades to come. I am proud to have championed this funding in the Senate, and I am grateful for our shared, unwavering advocacy on behalf of these projects with the Healey-Driscoll administration, the federal Congressional delegation, and our state, municipal, and nonprofit partners.”
“This over $100 million federal investment is a big win for Massachusetts. Whether you walk, bike, drive, or take the T, this federal support will make travel safer and more reliable, connect neighborhoods, and make our statewide infrastructure more sustainable,” said Senator Elizabeth Warren. “Massachusetts leaders worked together to secure this major funding, and we’ll keep fighting to bring home investments for communities across the Commonwealth."
“As we begin the new year, we are leaving off right where we were in 2024 – announcing millions of dollars to improve our infrastructure throughout the Commonwealth. This is the direct result of our efforts at the federal level to pass a once-in-a-generation investment in our nation’s roads, bridges, airports, clean water, and public transportation,” said Congressman Richard Neal. “I am thrilled that the First District will be receiving more than $27 million in this latest allotment, supporting projects from Berkshire County to Worcester County. Having served as Chairman of the House Ways and Means Committee when the legislation was drafted, it is with great satisfaction that I join my colleagues in federal, state, and local government in celebrating yet another significant announcement.”
“Bringing federal dollars home to Massachusetts is a top priority for our Congressional delegation, and these grants are a powerful example of what we can achieve when we work together,” said Congressman Jim McGovern, Ranking Member of the House Rules Committee. “House Democrats fought hard to pass transformative bills to update America’s transportation networks and build more clean, green, safe, accessible travel options for everybody. Now, we’re seeing that vision come to life here in Massachusetts. I’m proud to partner with the Healey-Driscoll Administration to deliver these critical investments, which will create good-paying jobs, advance clean energy solutions, and improve the quality of life for families across the Commonwealth.”
"Massachusetts leaders worked as a team to deliver these federal resources, and as a result, our roads will be safer, our communities more connected, and our air cleaner," said Democratic Whip Katherine Clark. "In particular, I’m thrilled that Revere will receive $400,000 to help improve bike and walkways as part of the Walking to Wonderland Study – a critical project to better connect residents in and around our community. We will continue to find ways to bring home resources to Massachusetts that will grow opportunity and improve everyone's quality of life.”
"These federal investments will help us build safer, greener, and more efficient infrastructure -- essential to our success as a state and for everyone who calls the Commonwealth home,” said Congressman Seth Moulton. “I'm grateful for the continued partnership of Governor Healey and my colleagues in the delegation and will keep working to secure more federal funding to help us meet our infrastructure goals."
“For years, we’ve been fighting hard for robust federal investments to make McGrath Highway safer for drivers, bikers, and pedestrians alike, and this massive new grant will help us do just that,” said Congresswoman Ayanna Pressley, Co-Founder of the Future of Transportation Caucus. “I’m grateful for the leadership and partnership of the Healey-Driscoll Administration, Biden-Harris Administration, the MBTA, and our municipalities. These federal dollars, along with the new federal funding for electric vehicle charging, improvements at the JFK/UMass T stop, and more, will collectively make our communities more connected and our transportation systems more safe, accessible and sustainable for folks in the Massachusetts 7th."
"Congress creates these federal funding opportunities, but the hard work of applying for - and winning - these competitive grants is left to the states. Today's news of an additional $100 million in federal funds coming to Massachusetts is a direct result of the leadership of the Healey-Driscoll administration in creating the Federal Funds & Infrastructure Office, and I look forward to continuing to work with the administration and my colleagues in the federal delegation as we work together to make it easier for residents across the Commonwealth to get where they need to be," said Congressman Bill Keating.
The federal grant awards being announced total more than $102 million dollars and include the following:
“MassDOT has been intentional in taking steps toward creating carbon-free transportation infrastructure and updating transportation infrastructure to increase safety, and we are proud to have won these federal grants,” said Transportation Secretary and CEO Monica Tibbits-Nutt. “The Healey-Driscoll administration is committed to decarbonization goals and building out a transportation network to serve everyone, whether they travel on foot, by bicycle, by vehicle, or by public transportation.”
“It is because of the hard work across the MBTA that our projects are well positioned to be strong candidates for every federal dollar available. I’m proud of the team’s efforts that have resulted in strong applications in pursuit of every federal dollar possible. I’m grateful for our partners at the federal level both in the Region and in DC, which all support our wider goals of safety, accessibility, reducing our carbon footprint, and connecting communities,” said MBTA General Manager and CEO Phillip Eng. “Under the leadership of the Healey-Driscoll Administration, we will continue to be aggressive in seeking all available federal funds, which are a critical part of our long-term efforts to deliver safe, reliable, and improved transit for the public. Thank you to the Healey-Driscoll Administration, Secretary Tibbits-Nutt, the congressional delegation, local officials, and the many riders who will benefit from these upcoming enhancements to our system.”
“These federal grants will enable a terrific slate of projects that will benefit the transportation systems in communities across the state, from the Berkshires to Boston," said Director of Federal Funds and Infrastructure Quentin Palfrey. "We look forward to continuing our whole-of-government approach to compete for federal funding and bring more federal investment to communities across Massachusetts.”
The Healey-Driscoll Administration has secured more than $9 billion in federal funding grants since taking office. Federal funding grant awards won by Massachusetts have included more than $1.72 billion to replace the Cape Cod Bridges, $472 million for the MBTA’s North Station Draw One Bridge Replacement Project, $335.4 million to advance the design and construction of the I-90 Allston Multimodal Project, $145 million award towards West-East rail, $249.4 million for the MBTA in discretionary grant funding, and a $116 million grant for the MBTA’s purchase of battery-electric buses. For information on grant opportunities, please visit the website of the Federal Funds & Infrastructure Office.
Send via insured mail to:
BNY Mellon Corporate Trust
Transfers/Redemptions, 2nd Floor
111 Sanders Creek Parkway
East Syracuse, NY 13057
If you have questions:
Send an e-mail to:
corporate.bond.research@bnymellon.com
Call: +1 800 254 2826
Have questions? Reach out to us directly.