State Senator Jason Lewis and State Representatives Paul Donato, Steve Ultrino and Kate Lipper-Garabedian announced that Malden is receiving $387,358 from the Commonwealth of Massachusetts to fund local transportation and infrastructure improvements. This funding comes from the new Fair Share Amendment revenue that the state began receiving this year.

In November 2022, Massachusetts voters approved the Fair Share Amendment. Households with annual income exceeding $1 million now pay an additional 4% state income tax on the portion of their income above $1 million. The new revenue received by the state must be used only for education and transportation purposes.

As part of the Fiscal Year 2024 budget passed this summer, the state legislature appropriated $100 million of Fair Share Amendment revenue for local transportation improvements. This builds upon the annual allocation of $200 million in Chapter 90 funds provided by the state to cities and towns, effectively representing a 50% increase in this vital funding source for local transportation and infrastructure improvements.

“I’m very pleased that Malden will be receiving these funds from the state to improve roads, sidewalks, intersections, and other critical local infrastructure,” said Senator Lewis. “I was proud to help lead the effort to pass the Fair Share Amendment and it is gratifying to see this new revenue being put to such good use for our communities.”

“With the passage of the Fair Share Amendment a year ago, voters affirmed the Commonwealth’s commitment to invest and improve upon transportation infrastructure in communities throughout the state,” said Representative Donato. “I am thrilled to see Malden receive these crucial funds to maintain and improve upon the city’s transportation infrastructure.”

“I am excited to see these important Fair Share Amendment funds support Malden’s specific infrastructure needs,” said Representative Ultrino. “I am proud to have worked with my colleagues in the Malden delegation to successfully advocate for this allocation, and I look forward to seeing the results in the coming months.”

“I am glad Malden will receive significant additional State funding to use for its local transportation and infrastructure priorities,” said Representative Lipper-Garabedian. “This enhanced investment from the State will provide meaningful opportunities to enhance quality of life for City residents.”

In addition to this funding for local transportation improvements, the Fair Share Amendment revenue is being used for things such as to provide universal free school meals (both breakfast and lunch) for all Massachusetts public K-12 students, to significantly increase financial aid to low- and middle-income students attending Massachusetts public colleges and universities and to invest in safety, reliability and service improvements at the MBTA.