Massachusetts

Gov. Healey rolls out vision for $14 billion in capital spending

The plan addresses several points of emphasis, including housing and climate projects

Gov. Maura Healey announced the climate bank at a State House press conference on Tuesday.

The Healey administration on Thursday rolled out its five-year capital spending plan, which calls for $14 billion in spending with a focus on investments in housing, climate projects and economic development.

The plan also features $262 million towards "the federal government's efforts" to replace the Bourne and Sagamore bridges to Cape Cod, ultimately ramping up to a $700 million long-term state commitment. Federal funds for the projects are still being pursued.

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It includes $106 million towards a new courthouse to replace the outdated one in Springfield, $307 million to relocate the old Shattuck Hospital in Jamaica Plain to the East Newton Pavilion in Boston's South End, and $421 million for information technology upgrades in fiscal 2024 alone, including electronic health records management at the Executive Office of Health and Human Services.

The plan commits $2.9 billion in total capital funding for the fiscal year that begins on July 1, with $1.14 billion committed to the state transportation department, $614 million to the Division of Capital Asset Management and Maintenance, and $308 million set aside for the new Executive Office of Housing and Livable Communities.

The capital plan allocates $1.5 billion over five years to housing initiatives, including $97 million to establish a HousingWorks program similar to the MassWorks grant program that has helped municipalities work with the state and developers on large projects.

The administration describes HousingWorks as a "flexible tool to support housing development, preservation, and rehabilitation, with the goal of enabling the construction of up to 300 new affordable housing units each year."

The plan dedicates $1.4 billion to transportation systems "to reduce emissions through electrification, create more sustainable modes of transportation, and build resilient infrastructure prepared to withstand the impacts of a changing climate." Over five years, it funds 40 projects at state buildings with a focus on decarbonization and total project values at over $1.6 billion.

Economic development initiatives are funded with $1.2 billion in the plan, including about $80 million earmarked to solidify the state's position in the innovation, life sciences, and advanced manufacturing industries.

Copyright State House News Service
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