Budget & Capital Performance

The percent of capital dollars spent by the end of the fiscal year refers to the portion of the capital budget that was utilized compared to what was budgeted in MassDOT’s Capital Improvement Plan (CIP).

In FY23, rail programs spent 81% of the original amount budgets in the CIP. Though this metric falls short of the 95% target set for the program, it is a 22 percentage-point increase from FY22 expenditures and near normal spending level compared to the last 5 years.