On January 14^th, budget leaders from the House, Senate, and Healey administration announced a $44.9 billion consensus tax revenue figure for Fiscal Year (FY) 2027, including $42.2 billion in non-surtax revenue and $2.7 billion related to the income surtax. Non-surtax revenues are expected to grow by $986 million (2.4 percent) over estimated FY 2026 collections. 

The consensus revenue agreement does not establish a separate surtax spending cap for the operating budget, instead making the full estimate of $2.7 billion available for appropriations.